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M&G Investments

M&G Investments
M&G Investments is a global asset manager, serving customers and clients for nearly 90 years since launching Europe’s first ever mutual fund back in 1931.
M&G International Investments Switzerland AG
Zollstrasse 17
8005 Zurich
+41 (0) 43 443 8200

M&G Investments at a glance:

  • M&G Investments is a global fund management company of substantial size.
  • M&G Investments offers access to a wide range of expertise. These include fixed income, equities, multi-asset, property, private credit, infrastructure, and private equity. 
  • M&G Investments is one of the largest private asset managers in Europe. In addition, it is known for its long-standing global fixed-income and equity expertise.

M&G Investments is part of M&G plc, an international financial services company. Helping people to manage and grow their wealth responsibly is our goal.

Globally, we manage over CHF 336,4 billion (as at 31 December 2023) on behalf of private and professional investors, including banks, pension funds, insurance companies, sovereign wealth funds, family offices and advisers. 

We are one of the largest managers of private assets in Europe. We are also recognised for our global fixed-income expertise, our long-standing experience in multi-asset solutions and our innovative strength in equities. This strength includes a growing range of thematic equity funds focussed on sustainability. Thanks to our size, we have unique access to listed investment opportunities and private markets. We offer our clients a wide range of funds, as well as customised solutions.


The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


Investment Research

Gold prices: beyond inflation and real yields

Renowned for its role as a hedge against economic uncertainty and inflation, gold has long captivated investors. One key factor influencing gold’s price is the relationship between real yields and inflation. Over the long term, gold has protected one against the pernicious effects of inflation and remains a powerful diversifier within an investment portfolio:

Robert Burrows
M&G Investments,  Bond Vigilantes, 25 April 2024

100 Days of Milei

Javier Milei, Argentina’s newly elected president, shares similarities with Roosevelt in that he has inherited, to put it mildly, a struggling economy, and has begun attempting to implement reforms in very quick order.

Michael Talbot
M&G Investments,  Bond Vigilantes, 19 March 2024

Japan, the steep climb that’s about to flatten out

The yield curve in Japan is reaching intriguing levels. The Bank of Japan (BoJ) has remained resolute, maintaining an ultra-accommodative monetary policy in a world aggressively hiking interest rates to stem inflation.

Robert Burrows
M&G Investments,  Bond Vigilantes, 1 February 2024

The Carousel of Confusion

What’s more, if you’d taken a 12 month sabbatical through 2023, spent on a desert island listening to the Smiths and the Velvet Underground, then upon firing up your Bloomberg on New Year’s Day, what would be most surprising of all, is that none of this uncertainty is visible in markets.

David Knee
M&G Investments,  Bond Vigilantes, 11 January 2024

Growing pains – but do we already have the solution?

Demographic changes are set to have a significant impact on the world economy in the coming decades, as we have discussed on a number of occasions.

Jack Ridge
M&G Investments,  Bond Vigilantes, 24 November 2023

The Debt Reaper

Governments have traditionally argued that as long as debt remains manageable and serviceable without difficulty, there’s little cause for concern. While this notion holds some truth, the reality is that recent growth has largely been fueled by an insurmountable increase in debt.

Robert Burrows
M&G Investments,  Bond Vigilantes, 14 November 2023

High yield maturity walls are steep, but not unclimbable

We are now 18 months into the Fed’s tightening cycle and many market participants, including us, have been surprised by the resilience of credit spreads, particularly in the high yield (HY) market where the option-adjusted spread for the Global HY index has dipped to the low 400s (bps), one of the tightest levels of post Global Financial Crisis observations.

Ana Gil
M&G Investments,  Bond Vigilantes, 9 October 2023

One for the road.

Has the ECB just delivered its final rate hike of the cycle?

Wolfgang Bauer
M&G Investments,  Bond Vigilantes,15 September 2023

UK Government debt interest payments set to weigh heavy

The current state of UK Government Debt as of 2023 is circa £2.5 trillion, which is 100% of GDP and equates to £38,000 per person.

Robert Burrows
M&G Investments,  Bond Vigilantes, 18 August 2023

Curvevolution – the fight against inversion

An inverted yield curve refers to a situation in which short-term interest rates are higher than long-term interest rates for government bonds of the same credit quality. Inversion is considered unusual because, under normal circumstances, longer-term bonds tend to have higher yields than shorter-term bonds.

Robert Burrows
M&G Investments,  Bond Vigilantes, 12 July 2023

70 weeks in Tibet: thin air but frontier market resilience

During this Fed hiking cycle emerging markets have been split into two camps.

Gregory Smith
M&G Investments,  Bond Vigilantes, 23 June 2023

Deflation Tsunami

Inflation is one of the great economic debates and often leaves big economic thinkers at loggerheads. I am not a financial titan, but looking at the world from 100,000 feet, the conditions are in place for the world to see inflation heading meaningfully lower.

Robert Burrows
M&G Investments,  Bond Vigilantes, 25 May 2023

USD: The King is Dead – Long Live the King

Robert Burrows
M&G Investments,  Bond Vigilantes, 13 April 2023

The return of the King: Cash makes a comeback

For a long time, it has made no sense to keep money under your mattress or invested in cash-like instruments (short dated, fixed return) such as money market funds, without facing an inflation-adjusted loss.

Eva Sun-Wai
M&G Investments,  Bond Vigilantes, 13 March 2023

Digital bonds – a new kid on the block

A brief press release recently from Europe’s largest and possibly oldest industrial manufacturer, announcing a short-dated, small-sized bond, seems hardly significant. In time however it may come to be seen as heralding a transformation of bond markets.

Guest contributor: Miriam B Hehir – Director, Credit Research
M&G Investments,  22 February 2023

Housing market timebomb – is Sweden just the start?

Real estate downturns (defined as two consecutive quarters of falling prices) have been triggered in a number of economies including Canada, Australia, New Zealand and the Nordics. One area where this trend is playing out most rapidly is Sweden, where house prices are falling at one of the fastest rates in the world.

Eva Sun-Wai
M&G Investments,  Bond Vigilantes, 18 January 2023