M&G's Leaviss: I am still not ready to move negative duration

I am still not ready to move negative duration

M&G's Bond Vigilante Jim Leaviss explains his view on currencies, how he is positioned for future rate rises, and why he is holding on to his Tesco bonds.

M&G is one of the UK's largest and best-known fund management houses. Once seen as an equity-focused group, recent years have seen it build the largest fixed income fund range in the UK. Its range of bond funds now counts 16 products, from smaller focused funds, such as the Global Floating Rate High Yield fund, launched for James Tomlins in September, to Richard Woolnough's £23bn Optimal Income fund. The group's most flexible strategy is the £1.1bn Global Macro Bond fund managed by head of retail fixed interest Jim Leaviss: the fund can invest in global currencies as well as bonds, wi...