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Leaviss switches funds at M&G

Jim Leaviss, the head of retail fixed income at M&G Investments, is to hand his high-yield corporate bond fund to Stefan Isaacs to focus on M&G’s new UK inflation-linked corporate bond fund.

Isaacs has managed M&G’s European high-yield bond fund for more than three years. Leaviss will become his deputy manager and co-run the new vehicle with Ben Lord.

The UK inflation-linked corporate bond fund will invest in blue chip inflation-linked corporate bonds, floating rate notes and government securities and derivatives which offer similar returns to index-linked debt.

The fund will launch on September 16 and will target a higher return than the consumer price index.

Leaviss says M&G still anticipates a “disinflationary environment”, but has launched the fund to answer investors’ fears about inflation.

M&G acknowledges the inflation-linked corporate bond market is only £11 billion in size, but expects this number to grow if high inflation creeps back.

The annual management charge on the fund is 1 per cent. The initial charge is 3 per cent.


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Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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