M&G Global Macro Bond - Silver

FUND RESEARCH UPDATE: New Morningstar Analyst Rating of Silver

Ashis Dash 27 June, 2016 | 8:15AM
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Following a recent Morningstar Analyst Ratings meeting, we have initiated coverage of the M&G Global Macro Bond fund with a Morningstar Analyst Rating™ of Silver. Jim Leaviss, M&G’s head of retail fixed income, has managed this fund in its various iterations since inception in September 1999 and is key to our positive view here. This “go anywhere” strategy can take long/short positions (including through derivatives) across the global fixed income and currency markets, and have a negative duration, thus giving Leaviss considerable latitude to express his macroeconomic views within the portfolio. The quality of the ideas and his active management of the portfolio’s risks has resulted in a strong track record with the fund outpacing its Morningstar category every year since 2009 (the period we consider to be most reflective of the investment approach). Given Leaviss’ deep and diverse experience, his ability to integrate the wider team’s best ideas, and his consistent track record employing this diversified and flexible approach, we believe the fund can continue to do well.

See the latest Morningstar fund rating news here.

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Ashis Dash  is a Morningstar Fund Analyst

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