M&G cuts fees on Short Dated Corporate Bond fund

Effective 13 March

M&G Investments has reduced fees on the £501m M&G Short Dated Corporate Bond fund following a review of the market and the fund.

Effective 13 March, the fund will see its ongoing charges figure (OCF) reduced by 15 basis points to 0.42%, while its annual management charge (AMC) will fall 15bp to 0.25%. Launched in January 1995, Matthew Russell has been lead manager on the fund and Ben Lord has deputy manager since 1 September 2013. What's the biggest risk to owning corporatebonds? The fund has 34.9% of the portfolio invested in the UK, 30.3% in North America and 28% in Europe while its top two sectors are banks and asset-backed securities, which are weighted 26.9% and 22.6% respectively. M&G said in a stat...