2 Gold Upgrades for Richard Woolnough

Two bond funds at M&G were recently given Gold ratings from the Morningstar OBSR analyst team

Alanna Petroff 5 December, 2012 | 10:00AM

Morningstar OBSR analysts have just recently given their highly-prized Gold rating to two M&G bond funds that are run by Richard Woolnough. The M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund now both have Gold ratings after previously holding Silver ratings.

"We have observed the fund[s] under manager Richard Woolnough's stewardship since he joined M&G and we have increasingly high regard for his thoughtful approach and his use of M&G's wider resources," said Morningstar OBSR analyst Marianne in her research reports. "He is one of the more experienced fixed-income managers in the industry."

Both funds are mammoth in size: as of December 2012, the M&G Corporate Bond Fund had nearly £6.5 billion in assets under management, while the M&G Strategic Corporate Bond Fund had nearly £6 billion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
M&G Corporate Bond A Acc77.78 GBP-0.04
M&G Optimal Income A Acc216.91 GBP0.08
M&G Strategic Corporate Bond A Acc127.97 GBP0.01

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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