Britannic targets lower-grade bonds

by focusing on lower end investments, britannic corporate bond is one of the best performing funds in the sector over a three-year period

Investing at the lower end of the investment-grade corporate scale proved a popular strategy among the best-performing funds in the UK corporate bond sector over the three years to December 2002. Over this period, Britannic Corporate Bond was one of the best performing funds in the sector, returning 26.92%, compared to the sector average of 22.3%. In each of the three discrete years, it managed to outperform its peer group on a bid-to-bid basis. For example, in the year to December 2000, the Britannic fund returned 8.7%, compared to the sector average of 8.1%. In the 12 months to Dece...