Turcan Connell, the integrated investment, legal, financial and tax advisory firm, has announced the launch of an Absolute Return Fund – the third in its stable of unitised investment funds. The Absolute Return Fund offers a number of advantages over traditional bespoke portfolios and complements the existing ‘CF TC Balanced Portfolio’ and ‘CF TC Income Portfolio’ funds. Capita Financial Managers is the Authorised Corporate Director for all three funds.

Chief Investment Officer Haig Bathgate commented: “We have launched our Absolute Return Fund in response to demand from our clients who are looking for an investment that is designed to deliver a steady positive return that keeps pace with inflation without being exposed to the risk and volatility of traditional financial markets. The objective of the Absolute Return Fund is to produce positive long-term returns, targeting a range of 6-8% per annum, irrespective of the underlying stock market conditions. We feel that this type of fund is likely to be particularly attractive in the current climate of inflation coupled with extremely low interest rates.

“Turcan Connell is particularly well positioned to offer this kind of fund. We have been managing portfolios on an absolute return basis for a number of years now so it was a logical step to extend this type of investment formally to all our clients. Furthermore, we have developed very strong risk measurement and management tools which are embedded in the client and portfolio management processes employed by our growing team of experienced and highly qualified investment managers and financial planners.”