Bond managers have the edge over equity rivals, says S&P

Global bond markets have been making more money than equities over the last decade according to the latest report on global fixed interest funds published by Standard & Poor's. According to the fund ratings and research firm, the average bond fund rose between 3.1% and 12.4% over the last 12 months, up to February 2001. Over that same period, says the report, the average global equity fund denominated in sterling grew by 2.8%, but tumbled by more than 7% if denominated in dollars. However, figures quoted in the report - which looks at funds denominated in US dollar, sterling, eu...