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Fund update: M&G (Lux) Global Macro Bond Fund
Insights
M&G Investments
30/03/2020
We have added credit so far this month on the huge moves. This activity has included closing most credit default swap (CDS) protection positions, as well as adding some exposure in both investment grade and high yield corporate bonds, mostly in Europe. This was achieved via CDS instruments and purchases of good-quality investment grade securities that we felt had become oversold.