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Summary of webcast by Stefan Isaacs, Deputy Fund Manager, M&G (Lux) Optimal Income Fund, 6 April 2020.
Fund updates
Stefan Isaacs
06/04/2020
Please note that any data shown below are preliminary and may differ from the final Monthly Fund Review.
Entering 2020 we recognised that global growth was likely to slow and the economic expansion that began a decade earlier was somewhat long in the tooth. Yet consumer and bank balance sheets were in good health, and unemployment was at record lows across many developed economies. There was good reason to believe that these factors would result in higher inflation and support corporate bond spreads.