M&G Global Macro Bond Inclusive - Class X - Income (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
This fund is run by an experienced, talented, manager with great flexibility to invest across global bond markets. A significant proportion of the fund can be invested overseas and the fund can be heavily exposed to foreign currencies, particularly the US dollar.
Unlike many global bond fund managers Jim Leaviss is willing to use the full flexibility afforded to him, invest with conviction, and proactively adjust the portfolio in response to changing economic conditions. He is one of the few fund managers to do this successfully on a global basis and we believe he has the experience and resources to do an excellent job for long-term investors.
The fund could provide diversification to a UK-focused fixed-interest portfolio and offers exposure to currencies other than sterling. Jim Leaviss aims to deliver the best total return (combination of capital growth and income) over the long term. His focus is not to generate a high yield so the fund might not be suitable for investors who require income from their bond investments.