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Fund manager: Jim Leaviss

Products available: ISA & OEIC

Fund objective

The Fund aims to maximise total return primarily through investment in bonds issued by emerging market nations and their agencies, though the Fund can also hold a proportion of its portfolio in other debt investments. There are no restrictions on the currency in which bonds held in the portfolio may be issued, and accordingly the Fund may carry a greater than usual currency risk, which will not normally be hedged. More than 35% of the value of the property of the Fund may be invested in Government and other public securities issued or guaranteed by any of:

• the Government of the United Kingdom or of a member State other than the United Kingdom;
• the Government of Australia, Canada, Japan, New Zealand, Switzerland, USA;
• the African Development Bank, Asian Development Bank, Eurofima, European Economic Community, European Bank for Reconstruction and Development, European Coal and Steel Community, European Investment Bank, International Bank for Reconstruction and Development, International Financial Corporation.

 

Policy for achieving objective

The Fund is diversified by country, from Latin America to Europe to Asia, and by credit rating from ‘BBB’ Investment grade to ‘NR’ (not rated). The Fund only holds Eurobonds and Brady bonds issued by emerging market borrowers and denominated G7 currencies. It will not hold loans or corporate issues, which can be higher risk and offer lower long term returns, nor emerging market country debt.

 

About the fund manager

Jim is Head of M&G Retail Fixed Income and a fund manager on the global fixed interest desk. 

After graduating in 1992, Jim joined the Bank of England as an analyst of monetary statistics and PSBR. He later moved within the Bank to become a gilt and money market trader, a position he occupied for three years. 

Jim graduated from Manchester University with a BA in Economics and is an Associate of the Institute of Investment Management & Research.

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.