M&G's Jim Leaviss has warned against taking the US' prized AAA rating for granted as the country continues to inject stimulus and defy current European policies of debt reduction.
Mike Riddell, a member of the highly regarded M&G bond team, discusses the problems facing the peripheral sovereigns in Europe.
M&G's Jim Leaviss believes investors need to learn to live with heightened volatility as the reappearance of the European debt problems highlights the fragility of the global economy.
Strong inflows into Prudential's asset management arm M&G and its with-profits products helped UK sales rise 3% to £548m for the first nine months of the year compared to the same period in 2009.
M&G recorded a market-leading £1.74bn net retail inflow in the third quarter, 5% more than the equivalent period in 2009.