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AXA WF European High Yield Bonds A EUR

Ranked 16 out of 26 in - Europe High Yield over 12 months
All calculations are in EUR unless stated

Managed by

James Gledhill

Widely regarded as one of Britain’s foremost credit specialists, James Gledhill rejects the traditional labels of ‘top-down’ and ‘bottom-up’ when describing his investment process as he feels that neither accurately describe a process that looks both at the wide economic situation and the quality of individual investments. Gledhill starts his investment process with a macro economic assessment of the world’s major economies. This enables him to choose his positions in government bonds and set the backdrop for further analysis needed to pick corporate bonds. The macro-economic picture enables him to hunt out the best investment opportunities. Gledhill then assesses, company by company, which are the best investment choices. He considers this part of the process to be particularly important for high-yield issues ‘where you have to get the precise company and the precise bond right’. A material sciences graduate of Trinity College, Oxford, Gledhill spent eight years at M&G where he pioneered the concept of high-yield corporate bond unit trusts. After brief spells at PPM Ventures and Morley he joined New Star Asset Management in August 2002. He then joined AXA Investment Managers as global head of high yield in 2011.

Objective

The objective of the fund is to achieve a high level of income by investing in European corporate bonds and bonds issued by European governments.The fund invests mainly in high yield fixed or floating rate bonds issued by public or private companies denominated in European currencies. Such high yielding bonds have a rating lower than BBB (according to Standard & Poor's or equivalent rating by Moody's or other rating agency).

Showing fund performance in Netherlands View performance globally

Performance

Europe High Yield over : 31/05/2017 - 31/05/2018
  • Rank 16/26 Total Return
  • Rank 5/26 Standard Deviation
  • Rank 12/26 Max Drawdown
Fund Name Currency Return
14 JPM Europe High Yield Bond A Dis EUR EUR

0.4%

15 Oyster European Subordinated Bonds R EUR EUR

0.3%

16 AXA WF European High Yield Bonds A EUR EUR

0.3%

17 NN (L) European High Yield I Cap EUR Hii

Currency exposure is hedged

Currency exposure is hedged

EUR

0.2%

18 Algebris Financial Credit I EUR Acc EUR

0.1%

Fund Name Currency Risk
3 Schroder ISF Strategic Credit EUR Hedged C Dis

Currency exposure is hedged

Currency exposure is hedged

EUR

1.3

4 M&G European High Yield Bond A Euro Acc EUR

1.8

5 AXA WF European High Yield Bonds A EUR EUR

1.9

6 Muzinich Europeyield Hedged EUR Acc A

Currency exposure is hedged

Currency exposure is hedged

EUR

1.9

6 BlueBay High Yield Corporate Bond I EUR EUR

1.9

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -0.8%
2017 4.2% 0.9% 1.7% 1.2% 0.4%
2016 8.5% 1.1% 1.0% 4.0% 2.1%
2015 3.5% 3.3% -0.1% -1.3% 1.6%
2014 3.2% 2.5% 1.9% -1.3% 0.1%
2013 8.5% 1.9% -0.2% 3.5% 3.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. France
  5. Germany
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Norway
  10. Spain
  11. Sweden
  12. Switzerland
  13. United Kingdom

Fund Info

  • Launch date29/10/2012
  • Share Class size89Mn
  • Base currencyEUR
  • ISIN LU0800573858

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).