M&G Optimal Income passes £20bn mark as inflows accelerate

Richard Woolnough's M&G Optimal Income fund has passed the £20bn mark for the first time after a surge in inflows since the start of the year.

The fund is now £20.4bn in size after seeing net inflows of around £2.8bn since the start of 2014 alone, according to FE figures. While Optimal Income has long been hoovering up assets in the fixed income space, inflows have accelerated further in 2014. In the three months to 31 March, for instance, Optimal Income took in a net £2.1bn, according to FE estimates, compared with £3.3bn over the previous nine months. The fund subsequently enjoyed approximately £690m in net flows last month to bump it up past the £20bn mark. While investors' bond allocations have dipped over the pas...