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Cazenove UK Absolute Target

Steve Cordell's Cazenove Absolute Target Return fund added 1.5% in January, lagging the broader index's 2.7% rise.

Citywire Selection Verdict: Performance has progressed well since Steve Cordell took over in May 2011 so the fund is no longer Under Review. He has taken advantage of opportunities in Europe to diversify short positions, notably in cyclical areas and we are pleased with how the pragmatic approach is evolving. The fund returned 10.7% during 2011 whilst the FTSE All Share index fell 3.8%.

For more details view the latest fund factsheet.

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