LONDON, July 3 (Reuters) - Anglo-Australian firm Henderson (HGGH.L) was the
top performer among British-registered money market funds in June, data from
Thomson Reuters fund research firm Lipper showed on Friday.
The secured loans product, which returned 4.72 percent in June, had also
topped the table in May.
Fund manager David Milward attributed the performance to the loan market
rallying strongly through the month and the fact that the portfolio is weighted
towards non-cyclical names in healthcare, cable, and telecoms, which have all
rallied ahead of the market.
Parvest's enhanced Eonia product came second with 2.84 percent. Investec's
(INVP.L) GSF managed currency fund brought up the rear, down 2.45 percent for
the month, after a strong performance in May.
Following are tables of the best and worst performers in June among money
market 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. Henderson Secured Loans 4.72 18.91 -15.77 -13.61
Y Acc Gross
2. Parvest Enhanced 2.84 5.06 1.40 7.27 11.02
Eonia C
3. M&G High Interest A Inc 1.30 5.86 -3.28 4.16 12.24
4. BGI USD Liquidity Plus 1.00 0.79 -1.93 6.49 13.32
Institutional
5. Perennial Cash Enhanced 0.80 2.81 5.00 13.96 28.56
Wholesale Trust
FUND LAGGARDS
Fund name 1 mth(%) 3 mth 1 yr 3 yr 5 yr
1. Investec GSF Managed -2.45 2.91 -7.68 9.57 13.64
Currency A Inc
2. Investec GSF Currency -0.83 0.06 2.30 15.75 24.21
Alpha A Inc Gross GBP
3. Investec GSF Sterling -0.66 -0.55 1.95 12.24 21.72
Money A Inc
4. Investec GSF Euro -0.58 -0.44 1.79 9.57 13.25
Money A Inc
5. CitiFX Alpha Strategy -0.37 0.85 -4.47
1 EUR Ret
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 Claire Milhench; editing by Mike Nesbit)
