Why Spreadbury is snapping up Australian government bonds

Fidelity manager discusses the growing risk of another UK recession, the European debt crisis, and prospects for global government bonds.

Ian Spreadbury’s Strategic Bond fund is among the top performers in the IMA Strategic Bond sector, outstripping all peers over five years and delivering returns well ahead of the sector average over shorter horizons. The £748m fund has returned 32.5% over the five years to 28 October, compared with the average return of 13.4%, while over three years he has delivered 43.5% for investors against the peer group average of 38.4%. As well as steering the Strategic Bond fund to the top of the charts, Spreadbury has also outperformed the Corporate Bond sector with his £2.5bn Moneybuilder Inc...