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Richard Sherry, fund manager in M&G’s institutional fixed income team responsible for impact investing, joined me for this week’s edition of BVTV to talk through an area of the market that has been rapidly gaining attention. Richard unpicks the terminology to explain the differences between the various approaches and offers his view of how the market will likely develop – and what this will mean for bond investors.

Also this week: what can we take from the recent high yield sell-off, and what to watch for in the UK’s budget announcement on Wednesday.