Lipper Snaps UK-Allianz leads absolute return funds in June

LONDON, July 3 (Reuters) - Allianz (ALVG.DE) PIMCO Sterling Total Return was
the top performer among British-registered absolute return funds in June, data
from Thomson Reuters fund research firm Lipper showed on Friday.

The 100 million-pound ($164.1 million) fund, which was handed to manager
Luke Spajic in April, returned 3.45 percent in June and 10.38 percent over the
past three months. The fund has nearly a quarter of its assets in high yield
bonds, which rose in value last month even as equity markets fell.

The TT European ex-UK Equity fund was the worst-performer with a 5.43
percent loss.

Following are tables of the best and worst performers in June among absolute
return funds listed in the Lipper Global indices and registered for sale in
Britain. The tables strip out smaller players and comprise primary mutual funds:

FUND LEADERS

Fund name 1 mth(%) 3 mth 1 yr 3 yr 5 yr

1. Allianz PIMCO Sterling 3.45 10.38 -6.98 -12.38 -2.94

Total Return
2. Putnam Total Return 3.08 17.93 -16.71 -3.92

3. CF Octopus Partner 2.98 26.31 36.60

(Absolute Return)
4. New Star Diversified 2.95 24.10 -27.05 -27.15 -4.14

Absolute Return
5. CAAM Funds Dynarbitrage 2.64 6.06 -1.36 -1.38

VaR 4 EUR

FUND LAGGARDS

Fund name 1 mth(%) 3 mth 1 yr 3 yr 5 yr

1. TT European ex-UK -5.43 7.48 -26.86 -14.83 46.58

Equity GBP
2. Polar Capital UK Absolute -4.68 2.47 4.08

Return GBP
3. World Express Funds II -4.26 -2.65 -27.50 -17.09

Local Currency Emerging Market
4. Purisima Global Total -2.51 6.57 -18.88 -16.86 3.48

Return PCG
5. BlueTrend UCITS B EUR -2.48 -3.89

Lipper, a Thomson Reuters company, is a fund research and analysis
organisation, providing independent insight on global collective investment
including mutual funds, retirement funds, hedge funds, fund fees and fund
expenses to the asset management and media communities.

Lipper data covers 196,000 share classes and over 108,000 funds in 57
registered-for-sale universes. It provides the free Lipper Leader ratings for
mutual funds registered for sale in 27 countries. Additional information is
available at www.lipperweb.com.
(Compiled by Laurence Fletcher, Editing by Mariam Karouny)
($1=.6093 Pound)
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