Richard Woolnough, veteran manager of three Elite Rated products, the M&G Corporate Bond, M&G Strategic Corporate Bond and the M&G Optimal Income fund, talks to us about some new acronyms in asset allocation. He tells us how equities can boost a bond fund’s returns, explains the wider impact of quantitative easing and quantitative tightening, and he finishes by commenting on whether he’s more bullish or bearish for 2023.

What's covered in this episode:

• Why it’s been an active year for the value investor
• Why TINA has been replaced by TIAA
• How interest rates have made bonds a more attractive investment
• How equities can help to optimise returns in a bond fund
• The impact of a 12-18mth lag from interest rate policy feeding into the real economy
• The impact of quantitative tightening
• What might happen to inflation in 2023
• Whether the manager is bullish or bearish for the next 12 months

More about the fund:
M&G is perhaps the biggest name in the UK bond space, and M&G Optimal Income is its flagship offering. This 'go-anywhere' fund has a flexible mandate, which enables the manager to shift the interest rate exposure and to invest across the fixed income spectrum. The fund can, and often does, invest in some equities, and also derivatives.


Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.