Comment & Analysis
M&G's $12bn Optimal Income fund turns defensive as risks rise
M&G’s flagship £9.7bn ($12.3bn) Optimal Income fund has been turning more defensive, with co-manager Stefan Isaacs warning bond market risks are ‘skewed to the downside’. The portfolio has been moving up the quality spectrum, cutting investment grade corporate debt exposure to neutral from overweight on the view cautious positioning is…
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