M&G

M&G's Richard Woolnough said he is uneasy at the way US banks have been able to book significant profits relating to the value of their debt in Q3 earnings figures.

Investors have come under increased pressure to inflation-proof their portfolios as a fresh spike in CPI and RPI raised doubts levels will drop back to the Bank of England's 2% target in 2012.

Managers fear France could be the next European nation in line for a downgrade as it steps in to support beleaguered bank Dexia.

ON BONDS

B(L)ANK CHEQUES

Standard Life's Karen Robertson and M&G's Aled Smith have both entered Chelsea Financial Services' infamous 'Relegation Zone'.

OUR EFSF CONCERNS

Emerging economies would face a systemic crisis if foreign investors, who own one-third of EM local currency debt markets, begin to pull out their cash, fund managers have warned.

WHY EM DEBT COULD BE NEXT BIG SHORT

Richard Woolnough outlines some of the key themes featuring in M&G's award-winning bond fund range.