M&G Strategic Corporate Bond added to Wealth 150
The M&G Strategic Corporate Bond Fund has been added to the Wealth 150. It is managed by Richard Woolnough. He is a manager we rate highly and who also runs another fund that features on the Wealth 150: M&G Optimal Income.The Strategic Corporate
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Bond Fund focuses on the higher quality ‘investment grade’ area of the bond market. Such bonds will not have the highest yields, but they are generally issued by more stable companies. Concerns about the economy and falls in the corporate bond market in recent months have left many such bonds trading well below their eventual maturity price. The M&G Strategic Corporate Bond Fund currently offers a yield of 4.77% (variable and not guaranteed).In addition to buying bonds priced in Sterling, Mr Woolnough also has the flexibility to invest in foreign currency bonds where these offer more attractive opportunities. This does mean that part of the portfolio will be exposed to changes in exchange rates, which may help or hinder the fund’s performance at any given time.In our opinion Richard Woolnough is one of the smartest bond fund managers around, and benefits from working within a strong team at M&G. Bonds are an attractive area at the moment, especially for those looking to boost their income, and in our opinion investors interested in the sector would do well to consider a fund such as M&G Strategic Corporate Bond.Stuart Goodwin, Analyst» Key Features of the M&G Strategic Corporate Bond Fund
