M&G moves to slow inflows into Woolnough's Corporate Bond funds

M&G is to explore ways to slow inflows into Richard Woolnough's £6.3bn Corporate Bond and £5bn Strategic Corporate Bond funds.

The group said in a conference call that while the funds remain open for new business, it wants to explore ways to slow inflows into the two portfolios. Jonathan Willcocks, managing director, global head of sales, said: "We are exploring ways to slow inflows in future." Woolnough (pictured) said: "It has become harder to implement my investment views because of the size of the fund." Both the funds have taken around £2bn each in the last 15 months alone, climbing from £4.1bn and £3.2bn respectively. Woolnough's £8bn Optimal Income fund will be unaffected. Over the three years...