Absolute return is just a marketing term: Morningstar

Global research firm Morningstar is urging caution among retail and institutional investors alike amid a revival of interest in absolute-return-style strategies to counterbalance market volatility. “We believe that absolute return is not a categorisation, it is a marketing term,” states Chris Douglas, co-head of Australasian fund research at Morningstar. Uncertainty over the future direction of the global economy has driven secondary market volatility on the back of the 2008 glo…