New M&G Bond trust to bring institutional opportunities to the many not the few


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The trust will invest in areas of the market they previously offered only to rich institutional investors, promising to deliver an income of 4% above the LIBOR interest rate. The M&G Credit Income Investment Trust will be M&G’s only investment trust, and is being launched to take advantage of areas of the credit and wider…


The market is like a sweet shop right now. Sounds a little like SMIF from TwentyFour, whom I have a lot of time for, which yields 6.8%. M&G failed to rollover M&G High Income last year, with the “help” of JPMorgan, into an equivalent trust stating they only had one investment trust and wanted to leave that market, and yet here they are again. Interesting, I will have to get my hat and do some sleuthing.