manager of the M&G corporate bond fund opts for a 32% and 39% weighting respectively in A and BBB-rated bonds
A continued flow of capital from pension funds and investors shying away from equity volatility, combined with continuing low inflation, is the core scenario for Anna Lees-Jones, manager of the M&G Corporate Bond fund. Lees-Jones has been at the helm of the £1.3bn portfolio since May 2000 and is bullish on the prospects for the UK corporate bond market. Is there a bull market in UK corporate bonds? Yes. There has been quite a lot of realignment into the corporate bond market. There is much demand from pension funds, insurance companies and retail funds, which have realised through equi...
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