Old Mutual Corporate Bond: Qual. Rating Issued
We think Old Mutual Corporate Bond has appeal for the right investor, despite a woeful 2008.
"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... "
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