Legal and General
M&G High Yield Corporate Bond \nFund
Stefan Isaacs
Fund manager: Stefan Isaacs
Products available: ISA & OEIC
The Fund is designed to maximise total return (the combination of income and growth of capital) while generating a high level of income.
The Fund invests predominantly in higher yielding corporate debt instruments which may be denominated in sterling, European currencies and other major global currencies, should the investment managers deem them to be appropriate investments. The Fund’s exposure to higher yielding corporate debt instruments may be gained through the use of derivatives and any currency exposures within the Fund may be managed by currency hedges into sterling. The Fund may also invest in other assets including collective investment schemes, government and public securities and other transferable securities, cash and near cash, deposits, warrants, money market instruments and other derivative instruments.
The M&G High Yield Corporate Bond Fund invests predominantly in higher yielding corporate bonds denominated in sterling and euros. All currency exposure is hedged to sterling. The fund manager’s investment approach combines top-down macro economic research with bottom-up analysis of individual bond issues. There is a focus on proprietary research rather than external research. Credit risk is constantly monitored and always well diversified.
Stefan Isaacs joined M&G in 2001 and was promoted to corporate bond dealer specialising in high yield bonds and structured credit two years later. He joined the fund management team in 2006 as an assistant fund manager covering high yield bonds for retail funds. He was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and he became fund manager of the M&G European High Yield Bond Fund in August 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 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.
