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High Yield continues to fly high
The Aviva Irl High Yield Equity Fund is still one of ireland's best performing High Yield stars. The fund has outperformed it's benchmark, he MSCI World Index by 63% since its inception and generated an 8.7% annualised return over a ten-year period. (Source: Moneymate, based on performance from 31/01/01 to 18/08/2001.
| Aviva Irl High Yield Equity Fund | Competitor Fund | Canada Life* | 164.0% | 138.5% | Davy High Yield Equity** | 139.7% | 109.3% | Irish Life Davy High Yield Fund*** | 73.6% | 70.0% |
* Performance from the date the Canada Life fund first priced on Moneymate 04/03/2003 to 18/08/2014.
** Performance from the date Davy Fund first priced on Moneymate 15/10/2002 – 18/08/2014.
*** Performance from the date the Irish Life Fund first priced on Moneymate 29/07/2006 – 18/08/2014.
Performance quoted net of annual fund management charge reflected in the funds unit price.
DOWNLOAD THE LATEST HIGH YIELD UPDATE HERE
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Diversification & Quality
As we enter Quarter 3, Deposits continue at all time lows, and attention remains on Corporate Bonds. With steady returns over the last 5 years the Aviva Irl Corporate Bond Fund could be the ideal home for your client's fixed interest allocation within a diversified portfolio. The Fund comprises of 140 individual bonds from high quality companies (min BBB- rating).
Steady Returns with low volatility over 5 years to 19 August 2014:
| Annual Standard Deviation | Annual Performance | | 2.8% | 29% cumulative
(5.5% annualised) |
Source: Aviva Investors & Moneymate 19 August 2014
You can download the latest Corporate Bond Fund Monthly Report here
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Latest Update from BlackRock
BlackRock have provided some new updates on their market view, and also the performance and outlook for the Aviva Irl European Absolute Return Strategies Fund.
You can read the half-year Fund Manager Commentary here.
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Eurozone Growth Still Slow
- Global capital markets have been weighed down by tensions in Iraq and Ukraine for the past few weeks.
- There are also possibilities of higher interest rates and the end of monetary easing in the US, as well as chances of slower-than-expected growth in the euro zone. Falling unemployment in the US and higher inflation is expected to lead to a rate hike sooner than forecasted. This can dampen the return expectation from developed markets and also the sentiment around easy liquidity lending support to asset prices.
- As a result, investor focus is shifting to emerging markets. According to data from global funds tracker, EPFR, by mid-July redemptions from EPFR Global-tracked High Yield Bond Funds were at their highest level in over a year while Europe Equity Funds posted back-to-back weekly outflows.
- Other developed market equity funds, too, witnessed outflows and money moved into emerging market equity funds, which continued to see inflows throughout July.
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