Blackrock/Merrill Lynch are pushing their Absolute Alpha fund:

http://www.blackrock.co.uk/shared/pdfs/mlf/aa_brochure.pdf


The aim of which appears to be protecting capital when the stock market falls, mainly by using synthetic shorts to profit from falls in the market. Anyone know if this is any good?

Lookin g at the past 6 months, the fund seems to have grown about 5% (better than the FTSE All Share) and only declined very marginally during the falls in November. So I guess that it is working to a degree....


...or is NS&I better for the cautious investor?


Peter.