Sections

Hard times for bond funds

Related Categories

This quarter’s IPE/Lipper table of funds for institutional investors shows that, following the general trend, bond funds have had a more difficult time than equity funds during the last three months since fewer fixed income managers have come through the benchmarking process compared to the previous quarter’s results published in December last year.
The tables represent those funds that are among the top 40% performing funds, which have beaten the different benchmark assigned to each of the investment classes covered – more than 50% of the time over a three-year period.
But European bond funds have done better this time than in the last survey when no funds managed to beat the benchmark.
The number of funds represented in the global bonds table have shrunk from 24 to 11.
US bond funds continue to have difficulty in meeting the criteria, so we are not running a table on this category.
The good returns from technology funds are reflected in the global equity table where we can see a strong showing by funds investing in this sector. Of particular interest is the absence of funds investing in health or pharmaceutical sectors. The number of funds present in the emerging market equity table has increased from seven to 12, with two new funds from Vontobel and ACMGI. The Asia (ex Japan) equity table has seen the number of entries reduced by almost 50%. Paula Garrido

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

  • QN-2469

    Asset class: All/Large Cap Equities.
    Asset region: Global Emerging Markets.
    Size: USD 500m.
    Closing date: 2018-09-04.

Begin Your Search Here