Convertible bonds have a unique characteristic: they are bonds with the option to be converted into shares. For this reason, it is possible to participate in share price rises while retaining a degree of protection against falls. Key to the performance of the M&G Global Convertibles Fund is a bottom-up, global approach to selecting convertibles based on the assessment of company fundamentals. The fund is managed 'at the money' in order to try and give the best possible risk/reward profile in different market conditions. Both currency-hedged and unhedged share classes are available to investors.
The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.
M&G Global Convertibles Fund