M&G to launch Global Corporate Bond fund

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M&G is to launch a Global Corporate Bond fund next week, managed by Ben Lord.

The fund will invest in fixed income securities around the world, with the launch following M&G’s move last summer to limit flows to a number of its fixed income portfolios.

In July 2012, M&G announced it was going to start stemming flows to Richard Woolnough’s £5.6bn M&G Corporate Bond fund and the £5.3bn M&G Strategic Corporate Bond funds – which Ben Lord works on as deputy manager.

Ben Lord works across a range of fixed income products and is lead manager of the £380m M&G Short Dated Corporate Bond fund. 

M&G Short Dated Corporate Bond’s cumulative performance to 29 August 2013:

 
Fund -0.54% 0.35% 1.87% 5.02% 7.24%
-2.94% -0.53% 2.36% 14.50% 32.87%
2.48% 0.89% -0.47% -8.27% -19.29%
  1 / 103 11 / 101 63 / 96 92 / 93 83 / 83
1 1 3 4 4

Source: FE Analytics