Absolute definitions


Standard & Poor's Fund Services (S&P) last month launched a classification system and ratings research process for absolute return funds. So far, however, there are just 13 undertakings for collective investments in transferable securities (Ucits) III-compliant absolute return funds that have achieved a rating.

"The 13 funds we have rated are all Ucits III-compliant. We set this sector up specifically for Ucits III funds. However, we would also include funds domiciled outside the EU if these

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