UBS worst strategic bond fund over three years
Company’s Active Bond returns £240 less than sector average on £1,000 investment, according to survey
The lowest performing strategic bond fund over three years returned just £1,105 on a £1,000 initial investment, some £240 less than the sector average.
According to the Money Management strategic bond survey, the UBS Active Bond returned less than the sector average of £1,345 to 1 July 2012.
However, the fund had produced steadier returns than some, with a five-year AGR of 4.7% – higher than the sector average of 4.3%.
The excerpt below, taken from the survey, shows the five lowest performing funds on a three year cumulative basis.
|
Fund name |
1 yr perf |
3 yr perf |
5 yr perf |
5 yr AGR |
|---|---|---|---|---|
|
£1,039 |
£1,105 |
£1,261 |
4.7% |
|
|
£1,012 |
£1,112 |
£1,253 |
4.6% |
|
|
£902 |
£1,147 |
£1,041 |
0.8% |
|
|
£1,015 |
£1,208 |
£1,096 |
1.8% |
|
|
£987 |
£1,210 |
£1,145 |
2.7% |
|
| Sector average | £1,051 | £1,345 | £1,240 | 4.3% |
While UBS declined to comment on its strategic bond funds, another of its bonds in the sector, the UBS Long Dated Corporate Bond fund made the top five with a return of £1,509 over three years.
The top performing fund was the Axa Framlington Managed Income fund with a three-year return of £1,580. However, this is due to a peak in performance as its five year AGR is far below the sector average at 0.3%.
Read more about investing in strategic bond funds with Take 5: Investing in strategic bond funds.