M&G to launch macro fixed interest fund for Leaviss

M&G is planning to launch an international macro-focused fixed interest offering for star manager Jim Leaviss.

The fund is likely to have a global remit, investing across a range of fixed-income sectors including credit and sovereign debt, with a high-yield target. The launch is subject to regulatory approval. Leaviss, the head of retail fixed interest, recently handed three of his funds – the £123m Index-Linked Bond, £54m International Sovereign Bond and £12m Emerging Markets Bond funds – to Mike Riddell. M&G says this has freed Leaviss to take on a new product. Jonathan Willcocks, the managing director, global retail sales, says: “We are always looking at new products for our managers and en...