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Fund manager: Stefan Isaacs

Products available: ISA & OEIC

Fund objective

The Fund aims to maximise total return while providing investors with a high level of income, though this may vary. The portfolio may consist of bonds denominated in any European currency. The Fund may invest in corporate bonds as well as government and other public securities. While the investment manager has the power to hedge the currency risk for UK investors, the Fund will normally be managed so as to give investors exposure to European currencies. 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 invests mainly in eurodenominated high yield corporate bonds. Credit risk is constantly monitored and always well diversified across a variety of countries and industrial sectors. Sector allocation is of equal performance to stock selection.

 

About the fund manager

Stefan joined M&G in 2001 initially in the performance analytics team, moving into the fixed income team as a fund managers assistant in 2002. In 2003 Stefan was promoted to corporate bond dealer, specialising in high yield bonds and structured credit. He joined the fund management team in 2006 as an assistant fund manager covering high yield bonds for retail funds. Stefan was appointed fund manager of the European Corporate Bond Fund in April 2007.

Stefan graduated from Manchester Metropolitan University with a degree in International Business and French.

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.