What the fund that beat the crash is buying now: Argonaut Absolute Return

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What the fund that beat the crash is buying now: Argonaut Absolute Return has made a 23% profit this year, the INVESTING SHOW speaks to its manager

By This Is Money

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As investment funds dived in the first three months of 2020, FP Argonaut Absolute Return managed to deliver a 23 per cent return to investors.

Absolute return funds are meant to do what they say on the tin and make money for investors in the bad times as well as the good, but many have been left disappointed over the years.

This time round, the Argonaut fund pulled the trick off and then some in the first quarter of the year – and is still up 23 per cent year-to-date.

On this episode of the Investing Show, we speak to manager Barry Norris to ask him how the fund not only weathered the storm but turned a big profit – and what he is investing in now.

Barry explains how he thinks the recovery will unfold, what shape it will be and why he decided to buy shares in Zoom last November.

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