Fund
£ High Yield
NAV Price
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Chg
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Updated: -
This stock can be held in:
Fund Info
accumulation
M&G
United Kingdom
GB00BMP3SC51
ICE BofAML Glb Fl Rate HY 3% Hdg TR USD
Open Ended Investment Company
Investment Strategy
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the ICE BofAML Global Floating Rate High Yield Index (3% constrained) USD Hedged over any five-year period. At least 70% of the Fund is invested, directly or indirectly, in below investment grade corporate and government Floating Rate Notes. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
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