Performance of Top 10 International Bond Funds Managed by Banks

+++ International bond mutual funds, with assets of $25 million or more, ranked by the total return in the first quarter (dollar amounts in millions)

part 1 of 3

Rank Fund Name Bank

1 Compass Capital-Intl Bond Inst PNC Bank Corp

2 OFFITBANK Emerging Mkts Bond Sel (1) OFFITBANK

3 CoreFund Global Bond Fd Y (1) CoreStates Bank

4 Sierra Tr Sh-Term Glb Govt A Great Western Financial

5 Landmark Intermediate Income A Citibank, N.A.

6 Comstock Partners Strategy A Mellon Bank, N.A.

7 Comstock Partners Strategy O Mellon Bank, N.A.

8 Nations Global Govt Income Pr A NationsBank Corporation

9 Pegasus International Bond I (1) First Chicago NBD

10 Benchmark International Bond A (1) Northern Trust Company

Average for all 10 funds with 25 million or more in assets

Average for all 36 bank proprietary international bond funds

Non-Bank Intl Bond Fund Averages

CDA/Wiesenberger Intl Bond Avg

part 2 of 3

TOTAL RETURN THROUGH YEAREND, 1996 (%)

Fund Asset First Latest Latest

Rank Investment Obje e 12/31/96 Qtr. 1 Year* 3 Years*

1 International Bond $32.10 1.04 11 9.53

2 International Bond 116.1 0.86 20.65 14.68

3 International Bond 33.8 0.5 5.56 6.21

4 International Bond 53.7 0.26 8.88 6.16

5 International Bond 49.5 -0.52 4.62 5.51

6 International Bond 49.9 -1.86 -5.59 -0.68

7 International Bond 157.7 -1.92 -5.35 -0.4

8 International Bond 29.4 -3.78 4.25

9 International Bond 53.5 -5.58 -0.61

10 International Bond 32.9 -5.91 2.39 6.77

Average for all 10 60.9 -1.69 4.58 5.97

Average for all 36 21.5 -1.99 4.76 7.05

Non-Bank Intl Bond 109.2 -1.67 10.18 7.2

CDA/Wiesenberger I -1.77 8.99 7.25

part 3 of 3

Latest Latest

Rank Investment Objective 5 Year 10 Years*

1 International Bond 9.79

2 International Bond

3 International Bond

4 International Bond 6.25

5 International Bond

6 International Bond

7 International Bond 3.34

8 International Bond

9 International Bond

10 International Bond

Average for all 10 6.46

Average for all 36 8.08

Non-Bank Intl Bond 6.18 7.8

CDA/Wiesenberger I 6.87 7.91 ===

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER