M&G has launched a fund structured as a Qualified Investor Fund (QIF) under UK law, investing in cor...
M&G has launched a fund structured as a Qualified Investor Fund (QIF) under UK law, investing in corporate debt, which aims to achieve an annual net return of 1.5% above Libor. The portfolio will be managed by Dan Gardner. The M&G European Loan fund is a Dublin-listed, sterling-denominated open-ended investment company (Oeic) and carries a minimum investment threshold of E250,000. Discretionary brokers with more than E25m under management may deal on their clients' behalf. M&G expects the product to appeal to investors because it can deliver returns similar to those offered by high yield ...
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