M&G Corporate Bond Fund
Richard Woolnough
Fund manager: Richard Woolnough
Products available: ISA & OEIC
The Fund aims to achieve a higher total return (the combination of income and growth of capital) from investment than would be obtainable in UK government fixed interest securities (ie gilts) of similar maturities.
The Fund invests mainly in sterling denominated corporate debt instruments. The Fund’s exposure to corporate debt may be gained through the use of derivatives. Any currency exposures within the Fund may be managed by currency hedges into sterling. The Fund may also invest in other assets including collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash and near cash, deposits, warrants, money market instruments and other derivative instruments.
Richard joined M&G in January 2004 and is a fund manager on the fixed interest desk.
On leaving university he joined Lloyds merchant bank as a trainee gilt salesman. Following the ‘big bang' he moved on to join Prudential-Bache securities as a gilt salesman. Richard then moved across to the fund management arena in 1987, he joined Assicurazioni Generali, Italy's largest insurance company, as a manager of equities and Sterling bonds. In 1993 he joined S.G. Warburg as a member of their sterling bond trading team where he was given responsibility for the most heavily traded sector. Richard moved out of London to join Old Mutual in 1995 where he was recruited to run a Sterling based annuity portfolio. He was instrumental in the planning, launch and for the running of the successful Old Mutual Corporate Bond fund from launch in the summer of 2000.
Richard gained a degree in economics from the London School of Economics between 1982 and 1985.
In addition to the fund data that can be found by accessing the menu to the left of this page you may also wish to read the fund key features document which contains further fund information.
Richard Woolnough was awarded the best UK Corporate Bond fund manager for his funds the M&G Corporate Bond Fund and Strategic Corporate Bond Fund. Richard also manages the Optimal Income Fund.
Award winning fund manager Richard Woolnough talks to Times Online about corporate bonds and why they are an attractive investment option now.
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Listen to the podcast with Richard Woolnough