Advent ends calendar year on top

Ucits ended 2020 on the rise as 89% of funds achieved positive returns in December, although only 8% of funds made it over the 2% return hurdle. Leading the way, Altana Corporate Bond Fund made 2.41%, pulling its final 2020 figure almost into the positive at -1.60%. But overall, Advent Global Partners Ucits Fund pipped Algebris Global Credit Opportunities Fund to the post as it made 13.90% in 2020, versus Algebris’s 13.54%.