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M&G to launch global corporate bond fund for Lord
by Sarah Miloudi on Aug 30, 2013 at 13:47
M&G is to launch a global corporate bond fund for Ben Lord.
It is understood the investment house is hoping to tap into the as yet under served end of the debt market, and a desire among clients to diversify their bond holdings away from the UK, just like the shift that took place from domestic to global equities.
Lord already runs a range of fixed income funds for M&G, including its Short Dated Corporate Bond fund, which over three years to the end of July returned 6.47% versus 19.3% by the Citigroup United Kingdom WGBI Tr Index, and 25.1% by the Markit iBoxx Sterling Corporates TR Index.
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on Dec 10, 2013 at 12:57