- by Suki Mann
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.