Fixed income

European high yield

This sub-investment grade credit is issued by a broad range of companies into the dynamic and rapidly growing European market. Returns offered are typically in excess of government and more highly rated corporate bonds, and the strategy is actively managed against a market benchmark, seeking to identify fundamental value in corporate and asset backed bonds.

These securities are lowly correlated with government and investment grade debt, and have the potential to achieve attractive, risk-adjusted returns over the medium term. They act in a similar way to equities, offering the investor both income and capital growth, but typically with lower volatility.

High yield securities are frequently complex, requiring fresh thinking from our large and experienced team. This strategy utilises M&G’s global research and fixed income fund management capabilities to identify fundamental value in European corporate and asset backed bonds.

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