Absolute return a 'potential minefield' for investors

Just one absolute return fund has beaten cash every year for 10 years, and three funds have failed to beat 10-year cash returns, according to analysis by AJ Bell. Over the past year two-thirds of funds have delivered a loss, the research showed.  Yet over the past decade cash has returned just 1.45% - far below the level of inflation. But even at that low bar three funds have failed to beat cash: Insight Absolute Insight Currency, GAM Star Global Rates and Jupiter Absolute Return. The latter two have delivered a loss over that time, of -8.1% and -4.1% respectively, while the Insight f...