Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.
This week, the Amundi Funds Global Bond defeats the BNY Mellon Global Bond Fund 4-2.
Amundi Funds Global Bond
The fund invests at least 67% of assets in investment-grade bonds that are either issued or guaranteed by OECD governments or supranational entities or issued by corporate entities.
Top 10 issuers:
- Germany (15.67%)
- USA (10.16%)
- UK (8.83%)
- SPAIN (6.76%)
- BRAZIL (4.88%)
- Italy (4.68%)
- New Zealand (4.34%)
- Mexico (4.13%)
- Belgium (3.74%)
- Intesa Sanpaolo (3.72%)
BNY Mellon Global Bond Fund
The fund aims to maximise total returns from income and capital growth through investment primarily (meaning at least 90% of the fund’s assets) in a portfolio of international, sovereign, government, agency, corporate, bank and asset-backed debt
and debt-related securities and in derivatives.
Geographical allocation:
- USA (25.4%)
- Canada (9.1%)
- New Zealand (7.7%)
- Australia (7.5%)
- Germany (5.7%)
- Japan (4.4%)
- Denmark (4.2%)
- UK (4%)
- Indonesia (3.4%)
- Others (23.6%)
