Insights and market updates

Following a surprise dip in UK inflation in June – which saw the Consumer Prices Index (CPI) decline to 2.6% compared to 2.9% in May – we expect consumer prices to resume their upward trend over the coming months, and we remain of the view that CPI will creep above 3% by the end of 2017 or early 2018. In this fund update, we discuss how the fund is currently positioned to capture the expected near-term rise in inflation and also look at some of the attractive opportunities we are seeing across global inflation-linked bond and credit markets.

The M&G Global Macro Bond fund is a flexible and diversified global bond fund whose drivers of long-term performance are the active management of duration, credit risk and currencies.

The M&G Global Convertibles Fund was launched on 13 July 2007. During the subsequent 10-year period, Fund Manager Léonard Vinville and his team have successfully navigated through what at times have been very turbulent waters, and delivered first-quartile returns since inception1. In Léonard’s opinion, convertibles remain a valuable investment proposition, particularly in the current uncertain environment, and he is confident that his consistent investment process has the ability to sustain the fund's robust performance.

John William Olsen discusses sustainable investing; what this means for his funds and how M&G has the resources to support him.

Six months since its launch, Co-Fund Manager Wolfgang Bauer looks at the positioning of the M&G Absolute Return Bond Fund, the collaboration within the team and how the fund has performed to date.

Investment Director Ritu Vohora, reviews how equities performed across the different sectors with central banks being the theme this month.

For a quick snapshot of the equity market over the past month and our latest theme, please download our Equities market perspective note.

Since the start of 2017, the economic case for Europe has strengthened, with political risk becoming less pronounced. In this Masterclass, Fund Manager, Michael Oliveros, is joined by experts from Fundhouse, Lombard Odier Investment Managers and Rivers Capital Management to discuss recent political changes and what investors should be pricing in when it comes to the UK’s departure from the EU.