Listen to the latest episode of Credit Exchange with Lisa Lee
Published in London & New York
10 Queen Street Place, London
1345 Avenue of the Americas, New York
Creditflux is an
company
© Creditflux Ltd 2025. All rights reserved. Available by subscription only.
Data Funds
Fund performance
Arena takes turn in the lead as mix of funds make top 10
After CLO funds dominated the list of top performers in July, August saw much more variety, with six different category types in the top 10. A UCITS credit fund, Arena Capital Advisors’ BayernInvest Alpha Select Bond Fund, headed the table, ahead of Spire’s Credit Strategies Sub-Fund and Alegra’s CLO Opportunities Fund.
The latter fund has also proven the strongest performer in our index over the past 12 months, delivering a cumulative return of 21.49%.
August saw a return to positive average returns across the board. Pictet’s Pleiad Credit Opportunities Fund delivered a return of 1.43%, its second-best month this year after May, and in the process powered credit funds of funds to the best category performance, albeit off a restricted sample size. Emerging markets funds also backed up their strong performance in June with another good result in August, returning an average of 1.16%.
Creditflux index returns August (%)
Leading fund
BayernInvest Alpha Select Bond Fund
Arena’s BayernInvest Alpha Select Bond Fund clocked its best monthly performance since December 2023, with a 2.77% return in August. That was more than double the return for its closest UCITS credit fund rival in Creditflux’s index, Advent Global Partners UCITS Fund, which yielded 1.31% for the month. The average return for UCITS funds in the index in August came to 0.39%.
Year-to-date, the fund’s cumulative return totals 3.46%. It recorded 5.70% in 2024 and 12.44% in 2023, with the latter figure assisted by a standout 6.84% return in December 2023. It has delivered 5.05% over the past 12 months.
Arena is an independently owned boutique investment management firm specialising in high yield fixed income, focusing primarily on short-duration corporate bonds and leveraged loans.
Launched in January 2015, the open-end BayernInvest UCITS fund primarily invests in globally-focused fixed- and variable-rate bonds, especially high yield bonds.
Top credit funds in August (%)
BayernInvest Alpha Select Bond Fund vs UCITS credit cumulative returns (%)
*Estimate
See hedge fund listing notes
