This actively managed strategy seeks to identify fundamental value in corporate and asset-backed bonds.
Issued by a broad range of companies, high yield securities are frequently complex, requiring in-depth analysis and 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.
These sub-investment grade securities are lowly correlated with government and investment grade debt, with the potential to achieve attractive, risk-adjusted returns over the medium term. Acting in a similar way to equities, European high yield bonds offer investors both income and capital growth, but typically with lower volatility. Returns are typically in excess of government and more highly-rated corporate bonds.