Corporate bond funds outperform equities

All UK corporate bond funds made positive returns over the past three years cumulatively, in a sharp contrast to equities. On average, the 64 funds in the IMA's UK Corporate Bond sector returned 24.48% to the end of August. Even the worst performer, S&W Fixed Interest, delivered positive returns of 6.56% over the 36 month period. The best performing fund in the sector over the three years to August 2003 was Old Mutual Corporate Bond, which returned 34.94%, compared to the sector average of 24.48%. However, the continuation of this impressive track record is now under question as mana...