Posted inTop Trumps

Top Trumps: Global High Yield – 12 September 2024

This week FSA provides a quick comparison of two high-yield funds: the AXA Global High Yield Bonds fund and the Schroder International Global High Yield fund
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

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 AXA Global High Yield Bonds fund defeats the Schroder International Global High Yield fund 4-2.

AXA Global High Yield Bonds fund

The fund is actively managed with deviation expected in term of constitution and
performance compared to benchmark that is likely to be significant.

Geographical breakdown:

  1. USA (66.8%)
  2. UK (6.6%)
  3. Canada (4.7%)
  4. France (4.1%)
  5. Italy (3.2%)
  6. Germany (3%)
  7. Netherlands (2.8%)
  8. Luxembourg (2%)
  9. Ireland (1.2%)
  10. Spain (1.2%)

Schroder International Global High Yield fund

The fund aims to provide income and capital growth in excess of the Bloomberg Global High Yield index after fees have been deducted over a three to five-year period by investing in below investment grade bonds issued worldwide.

Geographical breakdown:

  1. USA (63.3%)
  2. UK (5.5%)
  3. Canada (4.5%)
  4. Germany (4.5%)
  5. Italy (3.8%)
  6. France (2.8%)
  7. Luxembourg (2.2%)
  8. Brazil (1.6%)
  9. Spain (1.4%)
  10. Netherlands (1.4%)

Part of the Mark Allen Group.