M&G is launching an actively managed fixed interest fund of funds Isa aimed at investors looking to exploit global fixed interest opportunities.
The fund will invest in existing fixed interest funds covering the UK, US continental Europe and emerging markets.
It has a minimum investment of £10 for regular premiums and £500 for lump sums.
M&G head of global fixed interest Dr Theodora Zemek says: "We have always wanted to offer a fund like this. Now thanks to changes in Isa regulations investors can take advantage of the opportunities that the world's fixed interest markets offer."
"This means we an offer investors quite literally the best of all bond worlds."