M&G's Claudia Calich has initiated a position in Argentine government bonds on the grounds the bonds have dropped to levels that "offer decent compensation for the risks".
Calich, manager of the £942m M&G Emerging Markets Bond fund, added a 1.5% position in local currency government bonds in Argentina in May having exited holdings in Q1, although she maintained other positions...
Purchased for undisclosed sum
Latest news and analysis
Similar to June 2007