Recovery continues in credit, distressed


Credit funds kept up the momentum of the last few months in May with another set of strong returns.

Trafalgar Recovery put on a 10.77% gain to bring its YTD total to over 17%. LNG's Zenith High Yield Bond Fund enjoyed another strong month, adding 9.79% for a soaring YTD gain of 30.68%.

The Dexia Bonds Euro High Yield Fund returned 9.66%, for a YTD gain of 25.80%, while GLG's Loan Fund Class A gained 9.02% to bring its YTD gain up to 25.92%.

RAB European Credit rose 5.14% for a YTD gain of 15.16%, while the Liontrust