M&G's Woolnough: Why gilts are not expensive even at these levels

Richard Woolnough came to prominence early in the last decade having successfully managed OMAM’s Corporate Bond fund. He made the switch to M&G in 2004 and has continued to build on his stellar reputation, attracting £15bn across his three retail funds, the M&G Corporate Bond, Optimal Income, and Strategic Corporate Bond funds. The portfolios allow Woolnough varying degrees of flexibility but themes are common across the range, with his anti-banks call – instigated in 2007 initially – continuing to feature heavily in 2011. The move has helped him outperform peers, with the M&G Stra...