Global Corporate Bond Fund

ISIN
GB00BBCR3C81

Price:
107.0600

% Price Change:
0.04

Investment objective and policy

The Fund aims to maximise total return (the combination of income and growth of capital)The Fund invests on a global basis mainly in investment grade corporate bonds denominated in any currency. The Fund’s exposure to investment grade corporate bonds may be gained through the use of derivatives. The Fund may also invest in high yield corporate bonds, government and public securities, collective investment schemes, other transferable securities, cash and near cash, deposits, warrants and money market instruments which may be denominated in any currency. Any currency exposures within the Fund may be managed by currency hedges.Derivatives may be used in pursuit of the fund objective and for efficient portfolio management purposes.

Investment approach

The M&G Global Corporate Bond Fund aims to maximise total returns through investing mainly in investment grade corporate bonds, denominated in any currency. Currency exposure is typically hedged back to the fund’s base currency. The fund also has the flexibility to invest in high yield or government bonds. Returns are driven by a combination of macroeconomic, asset class, sector, geographic and individual credit-level factors. A dynamic investment approach combining top-down and bottom-up techniques is followed, allowing the fund manager to change the blend of duration and credit exposure based on his outlook for bond markets. An in-house team of independent credit analysts assists the fund manager in individual credit selection along with the monitoring of names held by the fund.The fund is not managed closely to a benchmark, which allows for a flexible and high-conviction investment approach.

Performance

The value of stockmarket 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.

Fund Management Team

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The value of stockmarket 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.

 

Important information



Source: Morningstar. Performance figures are on a price to price with net income reinvested basis. Performance figures may not reflect all relevant charges.

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