Legal and General
M&G High Interest Fund
Ben Lord
Fund manager: Ben Lord
Products available: ISA & OEIC
The Fund aims to provide income with stability of capital.
The Fund invests mainly in debt instruments (which include, but are not limited to: variable rate securities, fixed interest securities, gilts and corporate debt). The Fund’s exposure to debt instruments may be gained through the use of derivatives. In certain market conditions the fund may have a high proportion of its portfolio in liquid assets such as cash and near cash, deposits, warrants and money market instruments. The Fund may also invest in other assets including collective investment schemes, other transferable securities and other derivative instruments.
The M&G High Interest Fund is focused on money market and short dated instruments, with the majority of the portfolio invested in floating rate notes (FRNs) and in short dated corporate bonds.
The fund primarily holds high quality, A rated and above, senior debt investments, issued by large corporations or by international financial institutions.
The fund is managed with the aim of maintaining stability of capital and providing a steady flow of income which should exceed that available from a typical building society deposit account. Capital is, however, secure in a building society account (up to £50,000), whereas it does carry some risk in this fund.
Ben Lord joined M&G in September 2007 as a junior portfolio manager within the retail fixed interest team. He was appointed fund manager of the M&G High Interest Fund in February 2009. Ben previously worked at Gordian Knott as a credit analyst covering financial institutions. He obtained an MA in philosophy from the University of Edinburgh and is a CFA charterholder.
In addition to the fund data that can be found by accessing the menu to the left of this page, you can also access our Key Investor Information Document. We are required to produce the Key Investor Information Documents by law, to help your clients understand the nature and the risks of investing in a fund.
