LONDON, July 3 (Reuters) - Aberdeen Asset Management's
(ADN.L) Global-Euro High Yield Bond fund was the top performer among
British-registered bond funds in June, data from Thomson Reuters fund research
firm Lipper showed on Friday.
The fund returned 10.37 percent last month and also topped the table in May.
Over three months it is up 54.02 percent, benefiting from the strong rally in
distressed securities in spring.
The lower quality Triple C-rated credits and below have outperformed their
better rated counterparts year to date, confounding analysts who expect a wave
of defaults over the coming months.
The Scottish Widows [LLOYSW.UL] Overseas Fixed Int Tracker fund finished at
the bottom of the table, with a 2.42 percent loss for the month.
Following are tables of the best and worst performers in June among fixed
income 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
1 mth(%) 3 mth 1 yr 3 yr 5 yr
1. Aberdeen Global-Euro 10.37 54.02 -21.31 -28.78 -13.94
High Yield Bond A Acc
2. Aegon Stlg Corporate 8.34 17.39 -12.87 -18.46 -7.47
Bond Acc A
3. Old Mutual Dynamic 8.32 33.69 -18.13 -21.44
Bond A Acc
4. New Star Sterling 7.67 23.86 -22.89 -27.80 -19.81
Bond Inc
5. Old Mutual Corporate 7.46 23.16 -16.65 -21.85 -9.64
Bond A Acc
FUND LAGGARDS
1 mth(%) 3 mth 1 yr 3 yr 5 yr
1. Scottish Widows Overseas -2.42 -9.45 27.11 37.35 41.61
Fixed Int Tracker I Acc
2. Scottish Widows -2.27 -8.82 21.54 31.93 39.55
International Bond A Acc
3. Pimco GIS Euro Ultra -2.10 -5.98 28.19
Long Duration Inst Acc
4. Newton International -2.08 -9.05 18.68 29.78 38.62
Bond GBP Inc
5. M&G Global Convertibles -2.00 -2.41 7.11
Fund GBP A Acc
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 more than 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 Claire Milhench; editing by Mariam Karouny)
