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Global experts in fixed income


Recognised as one of Europe’s leading fixed income investors with one of the largest credit research teams in the industry, we have a long history of actively investing across both public and private markets. With a strong sense of partnership and collaboration, we support a culture of continued innovation as the needs of our clients evolve over time.

For more information on the financial terms used in this article, please consult the glossary.

M&G has a long history of innovation. We launched the UK’s very first unit trust in 1931, one of the UK’s very first corporate bond funds and one of the earliest high yield bond funds.

We manage money for a wide range of clients, from individual investors to investment platforms, defined benefit pension schemes and global banking groups.

Expertise across public and private debt

Comprehensive range of fixed income strategies

Extensive in-house research capabilities

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FI professionals

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Credit analysts

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€ Billion AUM

M&G, Public Fixed Income AUM, as at 31 December 2024.

Note: ‘FI professionals’ relates to Fixed Income (FI) Investment professionals including fund managers, portfolio managers, analysts, specialists and dealers.

Our fixed income capabilities
 

Our emerging market bond strategies seek to capture the most compelling opportunities across the emerging market debt universe, including hard currency government bonds, local currency bonds and corporate bonds. Drawing on our global research coverage, our emerging market bond funds take a highly flexible and active approach, which is not constrained by their benchmark.

 

Flexible bond funds have the freedom to invest across a wide spectrum of fixed income asset classes, with the fund manager able to adjust portfolio positioning depending on the economic backdrop. Through their more flexible approach, these strategies are designed to perform in a variety of market environments.

 

Issued by companies with a sub-investment grade credit rating, high yield bonds typically provide a higher level of income in order to compensate investors for the greater risk of default. M&G has long-running experience in this specialist field, having launched the UK’s first high yield corporate bond fund in 1998. More recently. we launched a highly innovative floating rate high yield strategy, designed to mitigate the negative impact of rising interest rates.

 

Focusing on bonds issued by highly-rated companies, we believe investment grade corporate bond funds can offer a resilient source of income at different stages of the economic cycle. Having launched the first UK corporate bond fund in 1994, M&G has a long history of innovation in this space. Today we offer a comprehensive range of investment grade corporate bond strategies drawing on our long-running expertise in credit investing and extensive credit analyst resources.

 

Our sustainable fixed income fund range combines our long-running experience in global bond investing with an in-depth assessment of environmental, social and governance (ESG) factors. We put sustainability factors at the heart of our investment process, with the aim of continuously maximising sustainability elements while maintaining a value-based investment approach.

 

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. We are unable to give financial advice.  If you are unsure about the suitability of your investment, speak to your financial adviser. The views expressed in this video should not be taken as a recommendation, advice or forecast. 

Public Debt assets under management

By asset class (%)

Data as at 31 December 2024

A global fixed income footprint

We have a global fixed income footprint, with fund managers and credit analysts based in London, Chicago and Singapore who have extensive experience in the large, liquid and dynamic European, US and Asian bond markets. Our overseas teams collaborate closely with our London-based credit analysts to uncover the very best ideas in global bond markets, which our fund managers put into portfolios tailored to meet clients’ needs.

Our London-based credit analyst team is one of the largest in Europe. Their primary job is to deliver fundamental credit research on bond issuers and provide independent M&G credit ratings for each issuer, ensuring our fund managers are not reliant on external credit rating agencies.

We offer clients a comprehensive range of credit strategies encompassing UK, European and global markets, including benchmark-aware, total return and fully flexible approaches.