M&G's Leaviss to run inflation-linked bond fund

Jim Leaviss is to run a new M&G UK Inflation-Linked Bond fund.

The fund will invest across government and corporate debt. It will have a UK focus preferring blue-chip stock and will also employ floating rate notes. Leaviss will be assisted in managing the fund by Ben Lord.

Alongside the move Citywire understands Leaviss will hand over his M&G High Yield Corporate Bond fund to assistant manager Stefan Issacs.

The launch comes as many investors' worry the substantial monetary intervention launched by governments around the world is creating an inflationary timebomb.

Jim Leaviss says: 'We believe that we will continue to be in a disinflationary environment for some time and interest rates will remain low. Nonetheless, some investors do worry about the resurgence of inflation, partly because no one fully understands the impact on inflation of record low interest rates and quantitative easing.

'Our response to these concerns has been to design a fund which looks to allow investors to have exposure to credit yet still protect their returns if high or rising inflation returns to the UK economy.'

VISIT OUR SITE LATER TODAY TO SEE A VIDEO INTERVIEW WITH JIM LEAVISS EXPLAINING THE FULL DETAILS OF THE FUND