OBSR awards M&G Optimal Income AA rating

OBSR has upgraded Richard Woolnough's M&G Optimal Income fund from an A rating to AA.

OBSR says Woolnough, who has managed the fund since December 2006, has used its flexible mandate to good effect, delivering a strong return relative to all UK bond sectors. Woolnough, who joined M&G in January 2004, also manages the group's Corporate Bond and Strategic Corporate Bond funds.