M&G has suggested investors look to secured high`yield loans to protect themselves from falling yiel...
M&G has suggested investors look to secured high`yield loans to protect themselves from falling yields from corporate and high yield bonds, as it prepares to launch a fund for this asset class. The group's managers have been using the asset class, typically utilised in management and leveraged buyout deals, in its life funds, having first entered the market in 1999. The product is relatively secure as it ranks above high yield and mezzanine debt and equities in a company's capital structure and typically has a floating coupon. As Investment Week revealed in December, M&G is considering t...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes