WSJ Rains on the Absolute Return Fund Parade
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Monday, July 12, 2010

WSJ Rains on the Absolute Return Fund Parade

Fundsters interested in absolute return funds and their growing popularity may want to take a look at the "Weekend Investor" section in the Wall Street Journal. Jane J. Kim highlights recent strong in-flows into the niche funds but wonders if they live up to the hype. Specifically, Kim cites the wide variation in returns for absolute return funds and notes higher fees and unconventional strategies (like investing in emerging market currencies, emerging market debt and interest-only mortgage derivatives).

A number of industry insiders weigh in for the article, including: Eaton Vance Global Macro Absolute Return Fund co-PM Mike Cirami; Goldman Sachs Asset Management portfolio strategist Theodore Enders; Putnam global asset allocation chief Jeff Knight; Morningstar alternative investments strategist Nadia Papagiannis; Morningstar analyst Jonathan Rahbar; and financial advisor Matthew Tuttle. Kim specifically mentions the Aston/New Century Absolute Return ETF, the Eaton Vance Global Macro Absolute Return Fund, the Goldman Sachs Absolute Return Tracker Fund, the Nakoma Absolute Return Fund and the Putnam Absolute Return 100 Fund.

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