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AXA WF European High Yield Bonds A EUR

Ranked 17 out of 21 in - Europe High Yield over 1 months
All calculations are in EUR unless stated

Managed by

James Gledhill

Widely regarded as one of Britain’s foremost credit specialists, James Gledhill rejects the traditional labels of ‘top-down’ and ‘bottom-up’ when describing his investment process as he feels that neither accurately describe a process that looks both at the wide economic situation and the quality of individual investments. Gledhill starts his investment process with a macro economic assessment of the world’s major economies. This enables him to choose his positions in government bonds and set the backdrop for further analysis needed to pick corporate bonds. The macro-economic picture enables him to hunt out the best investment opportunities. Gledhill then assesses, company by company, which are the best investment choices. He considers this part of the process to be particularly important for high-yield issues ‘where you have to get the precise company and the precise bond right’. A material sciences graduate of Trinity College, Oxford, Gledhill spent eight years at M&G where he pioneered the concept of high-yield corporate bond unit trusts. After brief spells at PPM Ventures and Morley he joined New Star Asset Management in August 2002. He then joined AXA Investment Managers as global head of high yield in 2011.

Objective

The objective of the Sub-Fund is to achieve a high income by investing in fixed and floating rate securities. The Investment Manager will seek to achieve the objective of the Sub-Fund by investing mainly in a broadly diversified portfolio of fixed income transferable debt securities issued by public or private companies including bonds denominated in a European currency and rated sub-investment grade.

Showing fund performance in Norway View performance globally

Performance

Europe High Yield over : 30/09/2017 - 31/10/2017
  • Rank 17/21 Total Return
  • Rank 1/21 Standard Deviation
  • Rank 1/21 Max Drawdown
Fund Name Currency Return
16 Schroder ISF Strategic Credit EUR C Dis EUR

0.9%

17 AXA WF European High Yield Bonds A EUR EUR

0.9%

18 Morgan Stanley European Curr High Yield Bd ADX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

0.8%

19 T Rowe European High Yield Bond A EUR EUR

0.8%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 0.9% 1.7% 1.2%
2016 8.5% 1.1% 1.0% 4.0% 2.1%
2015 3.5% 3.3% -0.1% -1.3% 1.6%
2014 3.2% 2.5% 1.9% -1.3% 0.1%
2013 8.5% 1.9% -0.2% 3.5% 3.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. France
  5. Germany
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Norway
  10. Spain
  11. Sweden
  12. Switzerland
  13. United Kingdom

Fund Info

  • Launch date29/10/2012
  • Share Class size75Mn
  • Base currencyEUR
  • ISIN LU0800573858

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).