Nobel Foundation seeds new M&G credit fund

M&G is launching more sustainable alternatives for two of its flagship credit funds.

A portrait of Alfred Nobel. The Nobel Foundation manages the finances of the Nobel Prizes and has roughly SEK 5.2bn in assets. | Photo: © Nobel Media AB. Photo: A. Mahmoud.

Asset manager M&G has launched a new credit fund that invests in both investment grade and high yield corporate bonds, according to a statement forwarded to AMWatch.

The Luxembourg-domiciled fund entitled M&G Sustainable Total Return Credit Investment Fund has been seeded by the Nobel Foundation in Stockholm, although the initial investment is undisclosed in the statement.

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