2nd August 2017

(Free Content) Bond Fund Performance Rankings: July

Taking a look at how the largest and top performing funds fared in July 2017 – in the investment grade space, the usual suspects came out on top. On performance and reasonable size (of funds) it’s the Nordea 1 and Schroder ISF Euro Credit Convct funds which catch the eye returning 19% and almost 8%, respectively.

For the largest funds, again the Schroders ISF Euro Corp fund returns a solid 5.8% (AUM €8.4bn) in the 3 months to end July while it also outperforms in the year to end July with 3.1% of performance. Only the MS INVF Euro Corp fund comes close.

>>See the full IG Euro Performance tables<<

In euro HY, the two funds which consistently stick out are the €969m Schroders ISF fund and the Evli European HY fund (AUM €865m). They have reasonable size and consistent performance, returning 8% and 7.7%, respectively, in the three months to July and almost 10% in the year to end July.

The €3.7bn Fidelity and €2.8bn UBS European HY funds have also generated solid performances given their size. On the other hand, the €3.8bn Pictet euro short term fund returned just 1.6% in the 3-months and 2.1% in the year, both to end July. Once again, small is beautiful with 20%+ returns garnered for the little ones while Schroders and Evli come out in the top 20 there, too.

>>See the full HY Euro Performance tables<<

In sterling, the high grade market performance has the £242m Liontrust Monthly Income Bond Z fund deliver a worthy 9.4% although the TwentyFour Corporate Bond I fund (AUM £426m) has delivered a perky 7%+, both in the 3-months to end July.

For the bigger funds, the IP Corporate Bond Acc is a notable outperformed with 7.24% in the 3 months to July and 4% in the year to end July.

L&G High Income (AUM £1.4bn) has delivered 7.5% and 11.7% in the 3 month and 12-month to end July, respectively and is a notable outperformed in the high yield space.

>>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.