Financial research firm Fitch Ratings has awarded the GBP2.5bn Ignis Absolute Return Government Bond Fund a “Strong” Fund Quality Rating following a recent fund review.
Fitch Ratings says the fund has benefitted from a differentiated investment approach, coupled with consistent outperformance and adherence to the funds philosophy since launch in March 2011.
Fitch says: “The 'Strong' Fund Quality Rating reflects the Ignis Absolute Return Government Bond Fund’s differentiated investment approach, which exploits seven different and uncorrelated sources of alpha and is supported by advanced proprietary technology.
“Fitch's review reflects the fund's consistent outperformance, the diversification benefits of effectively uncorrelated performance engines and adherence to the fund's philosophy.”
The Ignis Absolute Return Government Bond Fund has delivered a total return of 20.3 per cent and an annualised return of 6.7 per cent since launch on 31 March 2011. The fund has achieved these returns with a controlled level of risk, which has been a key factor for investors. Since launch, the fund has achieved its return with a standard deviation of 3.4 per cent2 and an information ratio of 1.92.
Claude Chene, director and global head of distribution at Ignis, says: “A strong Fitch rating is a further endorsement of the structure of the product, the quality of the process and the team behind it. We are very pleased with the progress the fund has made since launch. It is a fund that should continue to benefit investors as we enter into a more challenging bond market environment.”