Richard Woolnough

M&G Corporate Bond

FUNDS CURRENTLY MANAGED

  • M&G Strategic Corporate Bond
  • M&G Corporate Bond
  • M&G Optimal Income
  • M&G Feeder of Strategic Corporate Bond
  • M&G Feeder of Corporate Bond
  • M&G Offshore Corporate Bond
  • M&G Offshore Optimal Income
  • M&G Offshore Strategic Corporate Bond
  • M&G Feeder of Optimal Income

FUNDS PREVIOUSLY MANAGED

  • M&G European Corporate Bond
  • LF Corporate Bond
  • Old Mutual Corporate Bond

BIOGRAPHY
Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company’s flagship fixed interest funds.

Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.

VERDICT
Overall, performing better than the peer group composite. However, over a long track record, the manager has, period by period, over- and under-performed roughly equally.

Good stockpicking has had a material positive impact on results, which have not been particularly exposed to falling markets.

ADDITIONAL COMMENTS
Richard Woolnough is an FE Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets.

KEY MEASUREMENTS OF PERFORMANCE vs. PEER GROUP COMPOSITE
Over performance vs Under performance %

Overall
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In rising markets
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In falling markets
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