M&G

M&G bond star Richard Woolnough has built up the largest exposure to high yield across his three bond funds since he started at M&G in 2004.

M&G's bond expert Matthew Russell on the returns Mervyn King and co have generated since the start of QE.

Prudential is set to merge its Income trust into the M&G Dividend fund as part of a wider range of fund consolidations, creating a £1bn portfolio.

BOND MARKET REACTS TO US DOWNGRADE

The decision by Standard and Poor's to downgrade the US' prized AAA-rating for the first time came as no surprise to a number of fund managers.

M&G, the asset management arm of insurer Prudential, saw profits rise 39% in the first half of 2011 despite a sharp decline in inflows.

M&G's head of retail fixed interest Jim Leaviss has warned the US will see its credit rating downgraded to AA shortly after next year's presidential election.

M&G's Stuart Rhodes is poised to drop a handful of stocks from his £1.1bn M&G Global Dividend fund in the expectation they are set to cut their dividend.

The Cautious Managed sector remains at the top of the leaderboard on the Cofunds platform, taking 32% of net sales in June.

M&G's Richard Woolnough is maintaining his underweight to UK banks as he predicts the sector will not see a turnaround for 10 to 20 years.