Shareholders reject M&G bond fund proposals

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Shareholders have rejected proposals to broaden the remit of the M&G International Sovereign Bond fu...

Shareholders have rejected proposals to broaden the remit of the M&G International Sovereign Bond fund. The proposed changes would have allowed manager David Knee to invest in UK Government bonds as well as non-sterling government bonds. However shareholders voted against proposals, preferring to maintain the £47.6m fund’s current ex-UK investment approach.

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