M&G Global Macro Bond Class I - Income (GBP)
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Our view on this Fund
This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Jim Leaviss has announced that he will be leaving the business in the Autumn of 2024. Eva Sun-Wai and Robert Burrows will take over as co-managers on this fund from 1 August 2024.
We expect Sun-Wai and Burrows to manage the fund in the same way as Leaviss has previously. However given the flexibility to invest across global bond markets within this fund, it will naturally not be the same fund as it has been under Leaviss.
A significant proportion of the fund can be invested overseas and the fund can be heavily exposed to foreign currencies, particularly the US dollar.
Unlike many global bond fund managers Leaviss has been willing to use the full flexibility afforded to him, invest with conviction, and proactively adjust the fund in response to changing economic conditions.
At the current time Sun-Wai and Burrows are relatively untested in managing a fund such as this and for this reason we’ve removed the fund from the Wealth Shortlist.
Our view on the sector
Performance Analysis
Investment Philosophy
Process and Portfolio Construction
Manager Track Record Based on HL Quantitative Research
Fund Track Record
16/08/19 to 16/08/20 | 16/08/20 to 16/08/21 | 16/08/21 to 16/08/22 | 16/08/22 to 16/08/23 | 16/08/23 to 16/08/24 | |
---|---|---|---|---|---|
Annual return | 2.27% | -5.18% | -1.23% | -7.89% | 4.52% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
Information about the fund
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