9th June 2017

Bond Fund Performance Rankings for May 2017

Here’s the round-up of the how the largest and best performing funds fared in May 2017.

Once again the mammoth Schroder ISF Euro Corp (AUM €8.2bn) fund’s performance tops the chart for the best performing of the largest funds on a rolling 1-year performance. The rolling 3 month performance has also been good, returning 5.92%.

However, the pick of the bunch is GAM’s Star Credit Opps fund (AUM €2.4bn), which has returned 14.6% in the year to end May 2017, while the 3 month performance comes in at 5.82%. The smaller €266m Nordea 1 Europe Financial Debt fund has returned almost 20% in the quarter to the end of May.

>See the full IG Euro Performance tables

In the HY market, the €4.1bn Pictet Short Term fund has returned just 3% in the 12 months to May 2017 and the same in the 3 months to May. The Fidelity and UBS funds stand out as large funds returning 8-10% in the same periods.

Smaller sized funds (€100m area in AUM) have done much better but they are usually focussed on several special situations. In that sense, Evli‘s €900m European HY fund is worth a mention for its consistency and has returned 10%+ in both the 3 months and year to end May 2017.

See the full HY Euro Performance tables

In sterling, Scottish Widows’ Corporate fund (AUM £4.9bn) tops the performance charts, returning 8.9% in the year to end May 2017 and some 9% in the 3 months to the end of May. And returns of around 10-11% in the 3 months to the end of May seem to be around the average for the best performers (top 20), index trackers a little lower.

High yield sterling sees the L&G High Income fund (AUM £1.4bn) having delivered 14.5% in the year to end May 2017 while those delivering 6% in the 3 months to the end of May are worth a mention.

>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.