Corporate bonds post positive returns

overweight positions in banks, utilities and property help aegon UK Extra Income reach top quartile with returns of 21.9% over three years

UK Corporate Bond funds returned 7.39% on average over the 12 months to the end of November providing a rewarding investment return compared to equities. Only one of the 76 funds in the sector, S&W Fixed Interest, posted negative growth over the last year and three funds delivered double digit growth over the same period. Aegon UK Extra Income, managed by Stephen Snowdon, posted growth of 21.9% over the three years to the end of November 2001 and top quartile performance in each of the past three years discrete performance periods. The Aegon fund, which yields 6.7%, is actively manage...