M&G Global Macro Bond Fund Sterling I Acc
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
|United States Treasury Notes 2.75%||10.59 %|
|United States Treasury Notes 2.75%||10.23 %|
|United States Treasury Notes 2.38%||8.17 %|
|Germany (Federal Republic Of) 0.5%||6.45 %|
|United States Treasury Notes 0.67%||5.50 %|
|Brtf746p9 Cds Eur P F 1.00000||2.99 %|
|Brtf746p9 Cds Eur R V 03mevent||2.92 %|
|Brtfamqy4 Cds Usd P F 1.00000||2.58 %|
|Brtad5423 Cds Usd P F 5.00000||2.55 %|
|Brtfamqy4 Cds Usd R V 03mevent||2.52 %|
Jim Leaviss is Head of Retail 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 co-manager of the M&G (Lux) Absolute Return Bond Fund and also manages the M&G Global Macro Bond Fund and is deputy fund manager of the M&G Global Government Bond Fund.
Data provided by Morningstar.
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