EUROPE - European fixed interest funds produced median returns of between 3-3.9% in the 10 months up to the end of October, new figures show.
The returns cover four types of fund and contrast with average falls of 32% for European equity funds.
The figures were revealed in Standard & Poor’s first ever survey of European fixed interest funds, which consist of 56 individual fund management rating reports.
Standard & Poor’s lead analyst Stéphanie Carillon said: “Our analyses provide investors with invaluable guidance on the background to how performance has been achieved and if it is likely to be repeated.”
The CDC Euro Souverains fund, which has achieved a triple-A rating for the second year in succession, was commended for having “ample resources” combined with a “high calibre and experienced investment team, which has produced long-term above average performance against the peer group”.
The report can be seen at www.funds-sp.com
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