Fund manager: Jim Leaviss
Products available: ISA & OEIC
The Fund invests predominantly in higher yielding fixed and variable rate securities, including corporate bonds and debentures. The Fund is designed to maximise total return while generating a high level of income. In addition to sterling denominated securities, the portfolio may include gilts and securities denominated in other European currencies, US dollars or Yen, should the investment managers deem these to be appropriate investments. The sterling based nature of the investor base will be considered at all times. The investment manager has the power to use futures traded or dealt on eligible derivatives markets (currently being The London International Financial Futures and Options Exchange) for the purpose of hedging the capital value of the Fund against the risks of adverse movements in long term interest rates. Any currency exposures within the Fund may be managed by forward currency hedges into sterling.
The Fund concentrates on high yield bonds issued by medium sized or rapidly growing companies rather than bonds issued by larger companies with stronger credit ratings.
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.