A quality fund for volatile times

Fund manager Stephen Snowden believes that equity market volatility will see a 'flight to quality'. And that should benefit funds such as his own Old Mutual Corporate Bond fund.

"Stephen Snowden is not a man to shirk a challenge," says Money Marketing. "Whether it is skiing down the steepest black run in Alpe d'Heuz or taking the reins of a fund which has been the top performer in its sector for the last three years", the ski mad Ulsterman is up for anything. Which is why when asked to take over one of the UK's best performing bond funds in 2004, he didn't hesitate.

And over the past three years, he's turned out to be a good choice for his employer, turning the Old Mutual Corporate Bond fund into the sector's most successful. Over the past five years, it's returned 34.6%, against a sector average of 22.0%.

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