Gartmore outperforms using CDS
Gartmore’s corporate bond fund has outperformed the UK corporate bond sector by a full percentage point year-to-date, fund managers Karl Bergqwist and Simon Surtees revealed at a roundtable discussion today. The fund’s average outperformance of the sector, as measured by Standard & Poor’s UT Fd UK index, is 0.6% per year over the past five years.
While the managers won’t be drawn on an explicit correlation, it is notable that this added outperformance follows Gartmore’s use of credit derivatives
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