In this exculsive interview with Portfolio Adviser's Gary Shepherd, Ben Lord, manager of the M&G Inflation-Linked Corporate Bond Fund, discusses the “dangerous state of play” in fixed income markets that is emerging as large swaths of credit investors buying additional risk, subordination and illiquidity,
He also talks of bond markets “battling” between inflation and deflation expectations. While the UK is currently “burdened” by the strong pound, Lord tells how as an import-driven economy we could start seeing inflation increase if sterling does begin to weaken.
