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Here’s our round up of the how the largest and best performing funds fared in April 2017.
The largest IG euro corporate bond fund – Schroder’s ISF Euro Corp Fund (AUM €8bn) – returned 9.24% on an annualised basis in the three months to end April 2017. The best performing fund in the same period, though, was the much smaller Nordea 1 Fund (AUM just €261m) which delivered 17.8% performance.
> Full IG Euro Performance tables
Generally, on an annualised basis, the average performance across the market was for returns of between 5-9%. A notable exception was the €2.5bn Pioneer Euro Corp Fund which returned just 1.98% of performance.
In the 12-month period to end April 2017, GAM stays top of the list with its Star Credit Opportunities Fund returning a stellar 13.2%.
In high yield, Fidelity and UBS (Lux) stand out returning 9.46% and 9.39% (annualised) in the 3 months to April 2017 with AUM of €3.8bn and 2.9%, respectively. Finland’s Evli and Schroder’s ISF funds top the list generating returns of 11.4% and 12.5% on AUM of €900m and 756m, respectively.
> Full HY Euro Performance tables
For sterling, the IP Corporate Bond Fund (AUM £4.8bn) returned 9.81% versus 23.9% for the much smaller F&C Institutional Long dated Corporate Fund (AUM just £46.5m) in the 3-months to April 2017, both annualised. Overall, the average IG sterling funds returns in the Morningstar category returned 13.45% (annualised) in the 3 months to end April 2017.