229. Now there IS an alternative to equities

Richard Woolnough, veteran manager of three Elite Rated products, the M&G Corporate Bond, M&G Strategic Corporate Bond and the M&G Optimal Income fund, talks to us about some new acronyms in asset allocation. He tells us how equities can boost a bond fund’s returns, explains the wider impact of quantitative easing and quantitative tightening, and he finishes by commenting on whether he’s more bullish or bearish for 2023.What's covered in this episode:Why it’s been an active year for the value investorWhy TINA has been replaced by TIAAHow interest rates have made bonds a more attractive investmentHow equities can help to optimise returns in a bond fundThe impact of a 12-18mth lag from interest rate policy feeding into the real economyThe impact of quantitative tighteningWhat might happen to inflation in 2023Whether the manager is bullish or bearish for the next 12 monthsMore about the fund:M&G is perhaps the biggest name in the UK bond space, and M&G Optimal Income is its flagship offering. This 'go-anywhere' fund has a flexible mandate, which enables the manager to shift the interest rate exposure and to invest across the fixed income spectrum. The fund can, and often does, invest in some equities, and also derivatives.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.