UK-based asset manager M&G Investments is planning to launch a Global Corporate Bond fund on 5 September 2013.
The new fund, which will be managed by Ben Lord, will invest in global corporate grade bonds issued in any currency from firms based in any country.
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The fund will also have the ability to invest in high yield and government bonds.
Apart from the new fund, Lord currently manages Richard Woolnough’s M&G Corporate Bond and Strategic Corporate Bond funds.
Both the existing corporate bond funds have a total of over £10bn invested in them.
Investment Week reported that Lord is also acting as co-manager of the M&G UK Inflation Linked Corporate Bond and the M&G European Inflation Linked Corporate Bond funds.
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By GlobalDataAs of 30 June 2013, M&G manages more than £234 billion of assets through a range of investment strategies across equities, bonds, property and multi asset.
