Leaviss breaches £1bn

M&G Gilt & Fixed Interest Income outstanding success reflects rise in popularity of gilts

M&G's Gilt & Fixed Interest Income fund has recently breached the £1bn level for the first time in its history, showing increased demand for safer assets in the current environment. Manager Jim Leaviss, head of retail fixed income at the firm, took on the mandate in 1998, with just £17m under management. The former Bank of England analyst runs several bond funds for the house, with Gilt & Fixed Interest his flagship portfolio. His other mandates are the £680m High Yield Corporate Bond and the £50m Global Macro Bond. Leaviss says the latter is his go-anywhere equivalent to colleague ...