Factsheet: M&G Global Macro Bond GBP I Acc

Global Bonds

Rated Fund 2014-2018. A flexible 'go anywhere' fund

This 'go anywhere' strategy is the most flexible within Prudential M&G's suite of retail bond funds. Jim Leaviss has run this fund since its inception in 1999. He aims to deliver income and capital growth over the long term by investing in any type of fixed interest security in the world. The fund currently yields 1.9 per cent and pays dividends quarterly.

Leaviss uses his flexibility to take advantage of different economic conditions and global trends, including interest rate movements and inflation. His assessment of these macroeconomic factors determines the asset classes in which the fund invests, in order to achieve its objective of maximising long-term total returns.This approach means that Leaviss can constantly reassess relative value from among the whole range of different bond types, from �safe haven' government bonds to riskier corporate and emerging market bonds. Different asset classes within the fixed income universe have different sensitivity levels to interest rate changes, and Leaviss can increase or reduce the fund's duration in various geographic regions, depending on the outlook for interest rates across global markets.Leaviss actively manages the types of bond in the fund and their maturities, and by using derivatives he believes he can also ensure that the fund is able to perform in all types of market conditions. He can also invest in any currency, offering further diversification benefits. He examines the relative attractiveness of different currencies, analysing indicators such as capital flows, economic growth and current account balances, monetary policy and inflation.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
M&G Global Macro Bond GBP I Acc
Manager
M&G Group
Type
Open Ended Investment Company
ISIN
GB00B78PGS53
Sector
Global Bonds
Launched
16/12/2011
OCF
0.81 %
Risk Rating
2
3 Year Sharpe
0.63
3 Year Alpha
1.02
Yield
1.7 %
Benchmark
Not Benchmarked
The Fund’s objective is to maximise long term total return (the combination of income and growth of capital). The Fund invests mainly in debt instruments on a global basis which include, but are not limited to, variable rate securities, fixed interest securities, sovereign debt and corporate debt. The Fund’s exposure to debt instruments may be gained through the use of derivatives. The Fund may also invest in other assets including collective investment schemes, money market instruments, cash and near cash, deposits, other transferable securities and derivatives.
Holding %
US Treasury Note 1.25% 10.22 %
US Treasury Note 8.43 %
US Treasury Note 6.55 %
Germany (Federal Republic Of) 0.5% 6.20 %
US Treasury Note 0.645% 6.16 %
Jpn 10y Bond(Ose) Mar18 4.42 %
Euro-Bund Future Mar18 3.56 %
Us 10yr Note (Cbt)mar18 3.41 %
1150160 Cds Eur P F 5.00000 3.06 %
6263-0 Irs Usd R V 03mlibor 2.78 %
Region %
Sector %
Name
M&G Group
Address
EC4R 0HH, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Jim Leaviss
Joined 10/15/1999

Jim Leaviss is Head of Fixed Interest for M&G's mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund, the M&G Gilt and Fixed Interest Fund and co-manager on the M&G Inflation Linked Corporate Bond funds.

Data provided by Morningstar.

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