M&G European Corporate Bond Fund
Stefan Isaacs
Fund Manager: Stefan Isaacs
Funds Managed: M&G European Corporate Bond Fund, M&G European High Yield Bond Fund
The Fund aims to maximise total return (the combination of income and growth of capital) while generating a higher level of income than that from European government bonds of similar maturities.
The Fund invests mainly in investment grade corporate bonds denominated in any European currency. The Fund may also invest in high yield corporate bonds, government and public securities denominated in any European currency. The Fund’s exposure to bonds, government and other public securities may be gained through the use of derivatives. The Fund may also invest in other assets, including collective investment schemes, other transferable securities, cash and near cash, deposits, warrants, money market instruments and other derivative instrumentswhich may be denominated in any major global currency. Any non-European currency exposures within the fund may be managed by currency hedges in European currencies.
The M&G European Corporate Bond Fund invests mainly in euro-denominated investment grade debt (rated from AAA to BBB-). It may also invest in high yield corporate bonds and government bonds denominated in any European currency. The fund’s exposure to bonds, government and other public securities may be gained through the use of derivatives.
The fund manager focuses on in-house credit research, rather than relying on external research. Default risk is constantly monitored and the portfolio will always be well diversified. The fund will have exposure to a wide range of different companies spread across many economic sectors. Exposure to any individual company will be restricted according to its credit quality.
Stefan Isaacs joined M&G in 2001and was promoted to corporate bond dealer specialising in high yield bonds and structured credit two years later. He joined the fund management team in 2006 as an assistant fund manager covering high yield bonds for retail funds. He was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and he became fund manager of the M&G European High Yield Corporate Bond Fund in August 2007. Stefan graduated from Manchester Metropolitan University with a degree in international business and French.
For more information on this fund please contact us.
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