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Global Bonds

Update 9th December 2011: This sector covers a wide range of types of funds, through Government bonds to corporate bonds (credit), some with a European focus, others global, some aggressive others cautious. So care needs to be taken when comparing within the sector to ensure you are comparing apples with apples.

If you sort the table by ‘One year cumulative value’ and order by ‘Best Performing’ you can glance along the row to see performance over various periods. What we are looking for is consistency of performance. 

The Threadneedle European High Yield Bond fund, one of our regular picks, had a torrid summer. The fund has a narrow focus and given its European focus and high yield exposure (high yield bonds are more correlated to equity markets) the dip in performance is to be expected, although the fund ranks highly over a 1 month timeframe - a month which saw positive news from Europe.

By contrast funds with an investment grade bias underperformed (such as M&G International Sovereign Bond which has over 50% of assets in AAA credit) during October as investors risk appetite returned. However, over a 6 month timeframe the fund still tops the table.

In the latest edition of Bond Watch we consider the outlook for bond funds and whether now is the time to buy high yield. Contact us if you would like a copy of our Bond Watch newsletter.
 

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Growth (%)
1 Month 6 Month 1 Year Monthly risk
Fund name Value Rank Value Rank Value Rank Value Rank
Aberdeen Emerging Markets Bond TR in GB -0.81 58 -1.18 39 0 0 0 0
AXA US Short Duration High Yield Bond TR in GB 0.56 35 0.28 35 2.99 33 0 0
Baillie Giff Emerging Markets Bond TR in GB 0.25 39 -2.84 50 -2.08 53 6.02 47
Baillie Giff Global Bond TR in GB 1.48 15 6.3 7 8.27 8 5.04 38
Baring Global Bond TR in GB 0.94 31 2.73 26 5.07 24 1.73 4
BlackRock CIF Overseas Corporate Bond Tracker TR in GB 1.16 24 2.35 28 0 0 0 0
BlackRock CIF Overseas Government Bond Tracker TR in GB 1.88 9 6.06 11 0 0 0 0
BlackRock Global Bond TR in GB 1.43 19 3.22 23 4.16 27 4.24 24
BlackRock Invest Mgrs UK Ltd Charinco Common Invest TR in GB 0.91 33 7.3 4 11.63 3 2.57 13
Brookfield Hansa High Yield TR in GB -8.69 66 -12.39 62 0 0 0 0
Brookfield High Yield Europe Plus TR in GB -9.26 67 -13.93 64 -7.09 59 0 0
City Financial Strategic Global Bond TR in GB 0.92 32 -1.73 46 -1.11 50 2.24 11
Dimensional Global Short Dated Bond TR in GB -0.5 55 1.15 32 4.62 26 0.87 1
EFA New Horizon High Income TR in GB -0.31 51 -0.99 38 0.6 44 1.94 6
F&C Global Bond TR in GB 1.37 21 4.74 19 6.25 18 3.84 19
First State Emerging Markets Bond TR in GB 0.17 43 0 0 0 0 0 0
Franklin Templeton Templeton Global Total Return Bond TR in GB 1.29 22 -2.27 47 -0.31 49 4.33 26
GLG Global Corporate Bond TR in GB 1.01 28 -4.44 54 -1.41 52 3.84 20
Henderson Global Bond TR in GB 1.55 13 6.03 13 8.6 7 4.52 29
Henderson High Alpha Credit TR in GB 0.99 29 2.64 27 6.38 16 0 0
Henderson Overseas Bond TR in GB 1.48 16 5.13 16 7.1 13 4.86 34
IFDS IM CAF Fixed Interest TR in GB 0.38 37 -1.39 45 0 0 0 0
IFDS IM Octopus Fixed Income TR in GB 0.23 40 -2.3 48 0.37 45 1.2 2
Invesco Perp Global Bond TR in GB 1.01 27 3.45 22 5.45 23 3.76 18
Investec Emerging Markets Local Currency Debt TR in GB -0.23 49 -5.01 55 -2.8 55 4.83 33
Investec Global Bond TR in GB 1.47 17 3.18 24 3.43 31 3.93 21
JPM Global Ex UK Bond TR in GB 1.12 25 2.92 25 5 25 1.61 3
Legg Mason Global Multi Strategy Bond TR in GB 0.23 41 -1.2 41 0.82 42 1.93 5
M&G Emerging Markets Bond TR in GB 2.45 6 2.32 29 1.48 39 4.31 25
M&G European Corporate Bond TR in GB -1.71 61 -5.74 57 0.06 46 4.92 35
M&G European High Yield Bond TR in GB -3.6 65 -12.69 63 -6.52 58 5.6 46
M&G European Inflation Link Corp Bond TR in GB -1.4 60 -5.59 56 1.35 41 0 0
M&G Global Macro Bond TR in GB 2.54 5 3.62 21 5.7 22 3.59 17
M&G International Sovereign Bond TR in GB 2.76 3 9.25 1 13.31 1 4.96 36
Marlborough Global Bond TR in GB 0.98 30 0.74 33 6.85 14 4.8 32
MFM Glendevon King Global Bond TR in GB 0.22 42 -8.1 60 -4.01 56 0 0
Natwest GIG Bond TR in GB -0.47 53 -2.77 49 2.66 35 2.07 9
Natwest Global Investment Grade Bond TR in GB -0.56 56 -1.38 44 3.81 30 2.14 10
Neptune Exempt Fixed Income TR in GB 0.13 44 1.42 31 2.29 36 0 0
Newton Global Dynamic Bond TR in GB 0.08 45 -1.24 42 -0.09 48 1.95 7
Newton International Bond TR in GB 1.17 23 6.01 14 7.84 11 4.5 28
Old Mutual Global Strategic Bond TR in GB 0.05 47 6.21 10 4.13 28 3.49 16
RBS GIG Bond TR in GB -0.48 54 -1.3 43 3.89 29 2.06 8
Royal Liver Corporate Bonds TR in GB -0.63 57 -3.43 52 1.42 40 0 0
Royal London Global Index Linked TR in GB 2.58 4 6.25 9 11.28 4 0 0
Royal London International Government Bond TR in GB 1.02 26 0 0 0 0 0 0
S&W Loch Moy TR in GB -1.16 59 0 0 0 0 0 0
S&W Smithfield Diversified Bond TR in GB 0.48 36 1.81 30 5.84 21 0 0
Schroder International Bond TR in GB 1.56 12 4.73 20 7.57 12 4.19 23
Scot Wid Cautious Portfolio TR in GB 0.26 38 0.66 34 3.14 32 3.16 15
Scot Wid HIFML International Fixed Income TR in GB 1.61 10 7.77 2 9.42 6 5.28 41
Scot Wid International Bond TR in GB 1.92 8 5.99 15 8.21 9 4.07 22
Scot Wid Overseas Fixed Interest TR in GB 1.5 14 6.06 11 8.12 10 5.04 39
SJP International Corporate Bond TR in GB -0.1 48 -3.69 53 0 47 0 0
Skandia Specialist High Yield Bond TR in GB 0.61 34 -0.96 37 2.03 37 5.29 42
Stan Life Inv Global Index Linked Bond TR in GB 2.05 7 6.26 8 12.45 2 2.42 12
Stan Life Inv Overseas Bond Index Tracker TR in GB 1.57 11 4.92 18 6.65 15 4.97 37
SWIP European Corporate Bond TR in GB -2.27 64 -5.87 58 0.8 43 5.39 43
SWIP Global Bond Plus TR in GB 1.45 18 7.75 3 10.03 5 4.48 27
The 140 Investment Managers Broadway ICVC Income TR in GB -0.23 50 -0.77 36 1.72 38 0 0
Threadneedle Dollar Bond TR in GB 2.8 2 6.75 5 6.33 17 5.57 45
Threadneedle Emerging Market Bond TR in GB 2.84 1 6.6 6 6.23 19 5.47 44
Threadneedle European Bond TR in GB -0.32 52 -1.18 40 2.93 34 4.55 30
Threadneedle European Corporate Bond TR in GB -1.81 63 -7.28 59 -1.22 51 5.07 40
Threadneedle European High Yield Bond TR in GB -1.76 62 -10.87 61 -4.06 57 6.58 48
Threadneedle Global Bond TR in GB 1.4 20 5.09 17 6.09 20 4.64 31
UBS Absolute Return Bond TR in GB 0.06 46 -3.02 51 -2.4 54 3.14 14

 




Dennehy Weller & Co Ltd, 3 High Street, Chislehurst, Kent, BR7 5AB. Tel: 020 8467 1666. Authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/home.do). FSA Registration No: 114360. Registered in England & Wales, No. 1476316. Registered Office: 303 High Street, Orpington, Kent, BR6 0NN. The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at investors based in the UK.