M&G Investments has promoted Eva Sun-Wai to succeed Claudia Calich on a pair of global bond funds with over £2.5bn worth of assets.
Sun-Wai (pictured), who joined the fixed income team in 2019 as a junior manager, will take over for Calich as fund manager on the £213m M&G Global Government Bond fund with immediate effect.
She will also serve in Calich’s stead as deputy manager on the £2.3bn Global Macro Bond strategy, which is managed by Jim Leaviss.
Calich remains at the firm as M&G’s head of emerging market debt and will continue to oversee the $1.1bn (£824.8m) Emerging Markets Bond fund as well as a number of Luxembourg strategies.
M&G said in a press release the promotion recognises Sun-Wai’s contributions in implementing macro-economic trade ideas to the team.
“Eva has been working closely with Claudia Calich and myself since joining the team and we’ve been consistently impressed with her investment ideas,” said Leaviss, M&G CIO public fixed income.
“Taking the lead on a fund which focuses on global rates and FX plays to her strengths and it’s provided us with an excellent opportunity to promote a rising talent which will, in turn, benefit our customers.”
There will be no change to the Global Government Bond fund’s investment objective or policy following Sun-Wai’s promotion. Over the last five years the fund has returned 46.1% compared with the IA Global Bonds average of 33.3%.
Sun-Wai first joined M&G as a graduate intern in 2018 before moving across to the wholesale fixed income team in 2019. Prior to that she worked as a summer intern at State Street Global Advisers where she focused on passive products and ETF strategies.
