M&G to launch Global Corporate Bond fund for Lord

M&G is to launch a Global Corporate Bond fund for Ben Lord next week, Investment Week understands.

Lord (pictured), who already runs a range of fixed income funds for the group including its Short Dated Corporate Bond fund, has been given a wider mandate with the new M&G Global Corporate Bond fund. It will invest in securities around the globe, with less of a focus on the UK corporate bond market than some of the group's existing portfolios. The launch comes after the group stemmed flows into some of its most popular fixed income mandates last summer following a surge in inflows.  The affected portfolios were Richard Woolnough's Corporate Bond and Strategic Corporate Bond funds,...