U.K. investment manager M&G Investments is adding currency share classes to a number of its fixed-income funds, FundWeb reports. The move to add U.S. dollar and Swiss franc share classes comes in the wake of demand from global distributors.
The firm has filed for regulatory approvals for the additions. M&G’s range of fixed-income offerings has among others the £5.1 billion Corporate Bond, the £5.1 billion Optimal Income and the £3.8 billion Strategic Corporate Bond funds.
Click here for the story from FundWeb.