Woolnough cuts equities to lowest since launch in M&G Optimal Income

Favours investment grade over HY

Laura Dew

M&G's Richard Woolnough is holding his lowest ever exposure to equities since launching the Optimal Income fund in 2006.

The manager (pictured) of the £19bn fund has been gradually reducing his exposure to equities over the past couple of years and chose not to buy into the asset class following the recent sell-off. He...

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