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Audience

M&G (Lux) Global Floating Rate High Yield Bond Fund – Is now the time to capture relative-value opportunities?

17/11/2020

Changing market dynamics, brought about by the onset and longevity of the COVID-19 crisis, have been significantly affecting high yield floating rate notes (HY FRNs), when compared to the fixed rate HY market.

Technical factors have been particularly influential, in our view, though we believe the negative influences are now turning and could begin providing tailwinds before long. We believe that the floating rate sector, and the senior secured part of the capital structure, are preferable in light of the challenging economic backdrop.

Read full note here


The information on this website is for Professional Investors only. Specifically, the information on these pages should not be used or relied upon by the public of Hong Kong or any other type of investor from any other jurisdiction.

 

The above materials and/or information is for general guidance only and should not be relied upon as, or treated as a substitute for, specific advice. Neither M&G Securities Limited nor its affiliates accept any responsibility for any reliance on any of the information contained in these materials or any direct or indirect loss which may arise therefrom. If you are in any doubt about the contents above, you should seek independent professional financial advice.