IMA Global Bond Sector defies bubble fears with steady average 12-month performance

Axa Pan Euro High Yield leads way as average fund in peer group gains 5.5% over past year to 1 January

The IMA Global Bond sector is one of the most diverse with like-for-like comparisons difficult, although to be eligible all the funds have to invest at least 80% in fixed interest securities. The IMA Global Bond sector continues to defy widespread fears of a bubble with the average fund up 5.5% over 12 months to 1 January, according to Morningstar. With sterling suffering in the aftermath of the credit crunch, foreign exchange gains have been expressed in the superior performance of those funds that are focused on European bond markets. Threadneedle has five funds in the IMA Glob...