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M&G Lux Global Floating Rate High Yield Fund - Investment review

25/04/2019

During the volatile market conditions of the past 12 months, global high yield floating rate notes (FRNs) have again demonstrated their resilience.

This was particularly evident in the final quarter of 2018, when the sell-off in credit intensified. Although high yield markets have staged a strong recovery in 2019, we continue to find compelling opportunities within the high yield FRN asset class. While mindful of the recent slowdown in economic data, we believe the M&G (Lux) Global Floating Rate High Yield Fund is well placed to perform in an environment of slowing, yet moderate, economic growth. In our view, the fund’s defensive approach should also help it better withstand any future volatility in high yield markets while delivering a consistent income stream.

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