Current protection for bank bondholders is likely to be abolished by regulators as part of reforms to the financial sector, M&G warns.
Graham French, manager of the £4.28bn M&G Global Basics fund, has moved defensively in recent months on concerns over a slowdown in global growth.
After just passing the halfway mark of 2010, M&G's bond team has found performance in fixed interest markets this year has not necessarily reflected the amount of credit risk an investor is willing to take.
Currency exposure drives emerging market-focused portfolios to the top of IMA Global Bond Sector over one year
Henderson chief economist Simon Ward believes there is more than a 50% chance of a hike in interest rates by the end of the year, as the MPC looks to curb rising inflationary pressures.
Henderson chief economist Simon Ward believes there is more than a 50% chance of a hike in interest rates by the end of the year, as the MPC looks to curb rising inflationary pressures.
Mike Riddell, a member of the highly-regarded M&G bond team, highlights the worrying aspects of June's inflation 'fall'.
M&G multi-asset fund manager David Jane has decided to leave the group.