Old Mutual Corporate Bond: Qual. Rating Issued

We think Old Mutual Corporate Bond has appeal for the right investor, despite a woeful 2008.

Alexander Prineas | 13-11-09 | E-mail Article

We have published a new Morningstar Qualitative Rating and Research Report for Old Mutual Corporate Bond.

"Investors here have experienced far more volatility than one would typically expect from a credit fund. In 2008, it posted one of the Morningstar Sterling Corporate Bond category's worst showings, losing 29.8% (a whopping 22% behind its average peer) as manager Stephen Snowden moved into financials far too early. Even so, we think investors have reason to look beyond this notable blemish on the fund's record... "

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

Alexander Prineas is a Fund Analyst at Morningstar. He would like to hear from you but cannot give financial advice. You can contact the author via this feedback form.
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