M&G launches inflation-linked corporate bond fund

M&G is launching what it believes to be the first inflation-linked corporate bond fund aimed at retail investors in the UK.

It is also launching, subject to authorisation, a Euro-denominated version of the strategy for sale across Europe. The lead managers of the M&G UK Inflation Linked Corporate Bond fund will be Jim Leaviss, head of the group’s retail fixed interest team, and Ben Lord. The pair will be running an actively managed portfolio of inflation linked bonds with the objective of producing a return in the medium to long term ahead of inflation as measured by CPI. The fund will use the same M&G investment process of top down macro calls, with active management of individual bonds spread across U...