M&G changes managers on two High Yield Bond funds

M&G has announced it is changing the managers on its High Yield Corporate Bond and European High Yiel...

M&G has announced it is changing the managers on its High Yield Corporate Bond and European High Yield Bond funds, with effect from 1 August. Jim Leaviss is to take over the running of the High Yield Corporate Bond fund from David Fancourt, who is moving to M&G’s CDO team. Leaviss’ deputy manager will be Stefan Isaacs, who will also be lead manager on the European High Yield Bond fund with Leaviss as his deputy. Leaviss managed the European High Yield Bond fund from its launch in 1999 until 2003, and is now head of retail fixed income, while Isaacs has managed the M&G European Corporate...