This is despite Telegraph research last month that showed that more than half of absolute return funds failed to generate a positive return in 2012.

Investors favoured bond funds in November, while sales of absolute return funds bounced back from previous low levels.

Meaning of "guaranteed return fund"

"Absolute return" funds aim to generate positive returns regardless of market conditions.

Absolute return funds consist of a "long" book, which are stocks held in the traditional way, and a "short" book.

Many of the absolute return funds that have performed poorly are long-biased, with only a small short book.

It is designed as a total return fund, emphasizing potential capital appreciation along with yield.

Many absolute return funds have had a miserable year, failing to deliver positive returns, yet Killik, the stockbroker likes the look of this fund.

The average return for emerging-markets mutual funds over all was a decline of 6 percent.

Faster payments, insurance add-ons customers did not request, absolute return funds.