M&G European Inflation Linked Corporate Bond Fund
Fund Manager: Jim Leaviss
Funds Managed: M&G European Inflation Linked Corporate Bond Fund
Fund Manager: Ben Lord
Funds Managed: M&G European Inflation Linked Corporate Bond Fund
The fund aims to protect the value of capital and income from inflation by generating a return consistent with or greater than European inflation over the medium to long term.
The fund invests mainly in investment grade corporate bonds, including inflation-linked corporate bonds, floating rate notes (including asset backed securities) and other fixed income instruments (including bonds not linked to inflation). Derivatives may be used in pursuit of the fund objective and for efficient portfolio management purposes. Corporate bond exposure may be achieved either directly or by investing in a combination of assets, including government securities and credit derivatives. Inflation strategies may, at times, result in a return profile different to that of corporate bonds not linked to inflation. If deemed appropriate by the investment manager, the associated currency risks may be hedged.
The fund may also invest in other assets including collective investment schemes, other transferable securities and debt instruments (including high yield debt, convertible and preference stocks), cash and near cash, deposits, warrants and money market instruments.
Jim Leaviss joined M&G in 1997. He is a fund manager and head of retail fixed interest. After graduating in 1992, Jim joined the Bank of England as an analyst of monetary statistics and PSBR. He later moved within the Bank to become a gilt and money market trader, a position he occupied for three years. Jim graduated from Manchester University with a BA in economics. He is a member of UKSIP.
Ben Lord joined M&G in 2007 as a junior portfolio manager. Since launch in September 2010, he has also been the co-fund manager on the M&G European Inflation Linked Corporate Bond Fund. Ben previously worked at Gordian Knott as a credit analyst covering financial institutions. He obtained an MA in philosophy from the University of Edinburgh and is a CFA charterholder.
