7th July 2017

Bond Fund Performance Rankings for June 2017

Taking a look at how the largest and top performing funds fared in June 2017 – and there was little change on the returns rankings for the largest funds with Schroder’s ISF Euro corp fund (AUM €8.3bn) returning a very good 5.34% in the three months to end June versus 5.92% in the three months to May.

Aegon’s Euro Credits €3.3bn fund dropped to a couple of places while Bluebay’s Investment grade Bond B Euro fund (€AUM3.6bn) took over in third place. AUM mostly were unchanged.

The Nordea 1 fund (€289m) returned a stellar 19% in the quarter to end June and is up 16.8% in the year to June, pipping the much bigger GAM Star Credit Opps fund (AUM €2.73bn) which returned 8.48% and 14.1%, in the quarter and year respectively.

>See the full IG Euro Performance tables

In euro HY, fund performance generally held up into the back-up in rates. Pictet delivered 3.23% in the 3 months to June on its €4bn fund, and Fidelity‘s European High Yield A fund 8.10% (AUM €3.76bn). the smaller funds generally though topped the tables for performance but we read little into that given the more limited track records.

See the full HY Euro Performance tables

In sterling, the L&G Global High Yield Bond Z £526m fund lost 6%, but the L&G High Income Account made 6.29%. Their one-year performance to end June was 18.71% and 13.53% though and they top the charts for this time scale. Threadneedle‘s High Yield Bond Retl fund, which manages £890m returned 8.42% in the quarter.

In the sterling IG space, the £4.9bn Scottish Widows fund returned 1.63% in the quarter to end June while the IP Corporate Bond fund (managing £4.8bn) produced a stellar 7.86% in performance.

The smaller £700m GAM Star Credit Opps fund delivered 16.34% in the 3 months to end June followed by the £234m LionTrust Monthly Income Bond fund and the Rathbone Ethical Bond fund (£654m) which returned 12.62% and 10.93%, respectively.

>See the full Sterling IG and Sterling HY Performance tables

Suki Mann

A 30+ year veteran of the European corporate bond markets and in his role as Credit Strategist, Dr Mann has been ranked number one in the Euromoney Investor Survey eight times in ten years. Previously with Societe Generale and UBS, he now shares views of events in the corporate bond market exclusively here on CreditMarketDaily.com.