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08 February 2024

M&G launches Global Corporate Bond strategy to meet growing investor demand for global credit allocations

2024

Flexible, high conviction ‘go anywhere’ Fund seeks to exploit relative value opportunities in credit across global bond markets

London, 8 February 2024 – M&G’s £123 billion* market-leading Fixed Income investment business has launched the M&G Global Corporate Bond Fund (the Fund), in response to increasing UK investor demand for large-scale bond diversification.

Fixed income allocations are firmly back in favour and are offering exciting yield opportunities relative to other asset classes as high interest rates and inflation continue to drive heightened volatility across the asset class.

At more than three times the size of the global equity market, the $127 trillion global bond market continues to create ever more opportunity for active managers with deep investment expertise to find compelling value and portfolio diversification opportunities through active credit selection.

Having delivered first percentile performance for European investors over the past 10 years, the M&G Global Corporate Bond Fund has launched with £164 million of external investment and is now available to a growing cohort of UK investors actively seeking to diversify their fixed income allocations to maximise greater potential for returns outside of the UK market.

Drawing on M&G’s deep heritage in fixed income investing, the Fund will be managed by Ben Lord with Mario Eisenegger as co-manager, supported by a team of industry-leading in-house credit analysts across the UK, Asia, Europe and the US, offering unparalleled access to a diverse global opportunity set.

Commenting on the launch, Jim Leaviss, M&G’s CIO of Fixed Income, says: “In our view, we could see big opportunities for bond investors in 2024. With a wall of cash waiting to re-enter the market after last year’s high interest rates and continued inflation concerns sparking further interest rate reductions, a boom in the US bond markets looks likely. If the Federal Reserve cuts rates as early as March, this could trigger falling bond yields and lock in significant gains for early investors.”

Alex Matcham, Head of UK Wholesale, adds: “Global market dynamics have put fixed income allocations back on the table for UK wealth managers who are increasingly looking to diversify away from the UK bond markets. After more than 10 years of strong performance for our European clients, we are pleased to bring this fund to the UK market. M&G has a long track record of delivering best-in-class fixed income solutions to investors and are excited to leverage our strong international expertise to further support clients who see global bonds as part of growing UK client portfolios.”

Media enquiries

Rebecca Grundy

Media Relations

George Greenstreet

Media Relations

Notes to editors

*£123 billion AUM as of 30 June 2023

Key features of the M&G Global Corporate Bond Fund
Fund domicile: UK
Fund currency: GBP
Launch date: 19 January 2024
Investment policy: Unconstrained by benchmark indices, this is a flexible, high conviction approach that seeks to exploit relative value opportunities and aim to outperform the global investment grade bond market over any 5-year period. At least 80% of the Fund is deployed in investment grade bonds issues by companies across the globe, denominated in any currency, spread across issuers, industries and countries.
Benchmark: Bloomberg Global Aggregate Corporate Index (GBP Hedged)

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £332 billion of assets under management (as at 30 June 2023). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.

M&G recognises the importance of responsible investing and is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Programme.

M&G plc has committed to achieve net zero carbon emissions on its total book of assets under management and administration by 2050 and committed to reduce operational carbon emissions as a corporate entity to net zero by 2030.

For more information, please visit: https://mandg.com/ 


This information is intended for journalists and media professionals only. It should not be relied upon by private investors or advisers.

This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product.

Past performance is not a guide to future performance.
The services and products herein are available only to investment professionals and are not available to individual investors, who should not rely on this communication. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

Issued by M&G Securities Limited which is authorised and regulated by the Financial Conduct Authority and provides investment products. The company’s registered office is 10 Fenchurch Avenue, London EC3M 5AG. Registered in England and Wales. Registered number 90776.



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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA(健全性監督機構)及びFCA(金融行為規制機構) に認可され、それらの規制対象となっています。

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Prudential plc

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.