M&G Global Macro Bond Class I - Accumulation (GBP)





Our view on this Fund
This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Having managed the fund since inception in 1999, Jim Leaviss left the business in August 2024. Eva Sun-Wai and Robert Burrows took over as co-managers of the fund from 1 August 2024.
We expect Sun-Wai and Burrows to manage the fund in a similar same way as Leaviss did previously. However given the flexibility to invest across global bond markets within this fund, it will naturally not be the same fund as it has been under Leaviss.
A significant proportion of the fund can be invested overseas and the fund can be heavily exposed to foreign currencies, particularly the US dollar.
Overall, it’s a shame to see Leaviss leave the industry, given his significant experience and knowledge of bond investing. We view Burrows and Sun-Wai as competent investors. However, the lack of a public track record for Burrows, alongside Sun-Wai’s relatively short time in the industry, were the reasons behind the removal of this fund from our Wealth Shortlist.
Our view on the sector
Performance Analysis
Investment Philosophy
Process and Portfolio Construction
Manager Track Record Based on HL Quantitative Research
Fund Track Record
03/07/20 to 03/07/21 | 03/07/21 to 03/07/22 | 03/07/22 to 03/07/23 | 03/07/23 to 03/07/24 | 03/07/24 to 03/07/25 | |
---|---|---|---|---|---|
Annual return | -6.55% | -3.21% | -4.81% | -1.35% | 0.97% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
Information about the fund
