With FE data as at 30 September 2026, Amundi’s emerging market bond funds have an average one year ranking of 52.1% in their sector. That one number is the kind a manager league table is built from, and it hides how differently the individual funds have done.
What the average is
For each fund we take its one year return and work out the share of funds in the same FE sector (Global Bond Emerging Global) that it beat, one share class per fund. The manager figure is the average of those percentages across the manager’s funds in the sector. On that measure Vontobel stands at 75.9%, BlackRock at 68.7%, Neuberger Berman at 65.7%, Amundi at 52.1% and Degroof Petercam at 50.8%, among managers with three or more funds in the sector.
The five funds behind the 52.1%
| Fund | Type | Ongoing charge | Three months | One year | Three years | One year ranking |
|---|---|---|---|---|---|---|
| Emerging Markets Bond | Active | 1.67% | -3.4% | 6.0% | 23.2% | 88.8% |
| Emerging Markets Blended Bond | Active | 0.76% | -1.7% | 4.6% | 22.8% | 79.4% |
| USD Emerging Markets Government Bond | Passive | 0.25% | -4.5% | 2.2% | 12.7% | 38.3% |
| Emerging Markets Green Bond | Active | 1.05% | -2.2% | 1.6% | 8.8% | 36.4% |
| Emerging Green One | Active | 0.43% | -10.2% | -2.6% | 14.5% | 17.8% |
Returns are in pounds sterling from FE’s month-end data to 30 September 2026. The sector medians on the same date were -3.7% over three months, 2.7% over one year and 19.6% over three years.
What the spread shows
One of the five funds ranks in the highest fifth of the sector over one year, one ranks in the lowest fifth, and the average of 52.1% sits in the middle of a range that runs from the 18th to the 89th. The passive fund, which has the lowest ongoing charge of the five, sits at the 38th. A reader who saw only the manager average would not know any of that.
What this does and does not tell you
The ranking is a one year measure and changes with the window. It says nothing about the origin of any fund’s ranking, and the funds have different mandates, including government, blended and green bond strategies. If you are comparing managers in this sector, look at the funds you would actually use rather than the average.
Questions to ask of the table
A manager average invites questions of its own. Which funds are in the average, and would you use all of them? Are active and passive funds mixed, as here? Do the funds share a mandate, or do they cover different parts of the same sector? And how does the ranking change with a different window? The one year ranking is one view among several, and the three year returns in the table show a different order from the one year column for the last two funds. That is a prompt to look at the funds individually, not only at the average.
How to check it yourself
Open the Amundi manager page, filter to the emerging market bond sector, and look at each fund’s returns for the same dates.
How we calculated these figures
For each fund we take FE fundinfo’s one year month-end cumulative return and work out the share of funds in the same FE sector that it beat, one share class per fund, passive funds included. The manager figure is the plain average of those shares across the manager’s funds in the sector.
Returns are in pounds sterling. Sector medians are the median of the funds’ own returns. Ongoing charges are the latest published figures. The measure changes with the window and the date, and we have not adjusted or estimated any figure.
Source: FE fundinfo. Returns and rankings as at 30 September 2026. Past performance is not a reliable guide to future returns. Capital is at risk. This is information, not personal advice.
Past performance is not a guide to future returns. Capital is at risk.
Funds Benchmark provides research and tooling for institutional and private investors. Nothing in this note is investment advice or a recommendation to buy or sell any specific fund.