M&G

Around 10% of Hungary's local bond market is owned by Franklin Templeton Investments, according to reports.

Ruli Viljoen, head of investment research at OBSR, looks back at this year's key trends and reveals three of the best-selling funds of 2011.

THEY SAID WHAT?

BOND VIGILANTES

If Greece leaves the euro, banks across the Continent will suffer "horrifying" consequences, with a run on banks worse than anything seen before, said M&G's bond star Jim Leaviss.

ON UK INCOME

Tom Dobell, manager of the £7.2bn M&G Recovery fund has rejigged his portfolio extensively since the financial crisis to take advantage of opportunities as they emerge.

M&G has promoted recent hire James Tomlins to lead manager on its European High Yield Bond fund.

Leading fund managers believe gilts now look like the next safe haven bond market to come under threat ahead of DMO sale this week.

US