M&G

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

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.

M&G has appointed Daniel White as manager of the £120m M&G North American Value fund, replacing Richard Brody.

BIG QUESTION

M&G's Jim Leaviss established small positions in selected emerging market debt and currencies at the end of July despite remaining bearish on the asset class as a whole.

UK EQUITIES

The arrival of the RDR and the decision to stem flows into Richard Woolnough's corporate bond funds saw M&G's UK retail business suffer outflows in H1 2013.

Fixed income managers have taken advantage of pricing opportunities in the high yield space to move back into the asset class, after outflows hit record levels in June following the Federal Reserve's tapering talk.

ON BONDS

M&G Investments has regained its number one position on the Pridham fund sales list, knocking BlackRock off the top spot.