M&G's Woolnough: Why gilts are not expensive even at these levels

Richard Woolnough outlines some of the key themes featuring in M&G's award-winning bond fund range.

Richard Woolnough came to prominence early in the last decade having successfully managed OMAM’s Corporate Bond fund. He made the switch to M&G in 2004 and has continued to build on his stellar reputation, attracting £15bn across his three retail funds, the M&G Corporate Bond, Optimal Income, and Strategic Corporate Bond funds. The portfolios allow Woolnough varying degrees of flexibility but themes are common across the range, with his anti-banks call – instigated in 2007 initially – continuing to feature heavily in 2011. The move has helped him outperform peers, with the M&G Stra...