M&G bond bias strategy on Dividend

The M&G Dividend fund is to include a corporate bond element to help it reach its yield requirements and still allow for investment in sectors such as technology, writes Robert Stock. Fund manager Richard Plackett said the move is just part of the strategy being implemented across M&G's three retail equity income funds, wherein knowledge from the group's corporate bond team can be leveraged in order to allow the fund's equity yield premiums to fall to around 115% of the FTSE All Share. The M&G Extra Income fund, which is ranked 50 on its one year performance out of 92 funds in the Standar...