Last week, the Investment Management Association (IMA) announced it was renaming a particular type of investment.
From now on, says the trade association for investment managers, the “Absolute Returns Sector” will be known as the “Targeted Absolute Returns Sector”.
The reason for the rename? With rumblings of another mis-selling scandal in the works, the IMA wanted to make it absolutely clear that if you put your money in these investments, you might lose some of your dosh.
In what sensible person’s head does “Targeted Absolute Returns Sector” say “you might lose some of your dosh”? Read the rest of this entry »




