Prudential High Yield Bond comment - Dec 15 - Fund Manager Comment15 Mar 2016
The All Bond Index declined 6.7% and the Inflation-Linked Bond Index declined 1.8%. Cash returned 0.5%.
The Fund realised a total return of -6.9% for the month. This brings the one year return for the Fund to -5.0%. The Fund had an overall duration overweight position consisting predominantly of a duration overweight in the 12 years+ sector, with a partially offsetting duration underweight in the 3 - 7 year area.