Fund manager: Richard Woolnough
Products available: ISA & OEIC
The Fund aims to maximise total return (the combination of income and growth of capital) through investment predominantly in investment grade corporate bonds, but may invest in other debt instruments, including higher yielding corporate bonds, government debt and convertible and preference stocks, as well as money market instruments and equities.
The Fund is a concentrated portfolio which will generally comprise 60-80 credits. The portfolio is invested primarily in sterling denominated investment grade debt (BBB and above). Up to 20% of the portfolio may be invested in high yield corporate bonds, government bonds, convertibles, preference stocks, as well as money market instruments and foreign bonds.
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.