Insight Investment is set to add a sixth fund to its ultra-successful Absolute Insight range, targeting investment returns that are not correlated to the performance of the wider stockmarket.
The Dublin-domiciled Absolute Insight Dynamic Opportunities fund will join the existing range later this year when the group adds a retail share class.
The Absolute Insight range includes the flagship £540.8m Absolute Insight fund, which is increasingly catching the eye of advisers as it delivers on its goal of returning reliable positive performance regardless of market conditions.
Its range also includes the Absolute Insight Credit, Currency, Emerging Market Debt and Equity Market Neutral funds.
The Dynamic Opportunities fund will be managed by Neil Walker, who runs the institutional £631.6m Broad Opportunities fund for the group.
That fund has gained 25.8 per cent since launch in September 2009, according to FE data.
Mr Walker will express macro views in the new fund mainly by using “non-directional derivative strategies”, the group said, although full details are not yet available.
The product will initially launch as a strategy within the group’s fund of internal funds, the Absolute Insight fund, before the retail share class provides direct access.
The Absolute Insight fund has gained 30.2 per cent in the five years to October 2, according to FE Analytics, comfortably beating its cash benchmark.