For M&G Investments, the Search for Yield Leads to Direct Lending
The U.K. fund manager sees more value in commercial real estate and corporate lending than in public bond markets.
David Turner
August 1, 2013
A sign marks commercial real estate that is available for lease in downtown Boise, Idaho, U.S., on Wednesday, Aug. 4, 2010. The Boise metropolitan area, home to a third of Idaho's 1.54 million residents, has been pummeled by housing-related construction and retail job losses, as well as layoffs at chipmaker Micron Technology Inc. and grocer Albertsons. Home seizures in the second quarter soared 822 percent in Idaho, which had a jobless rate of 8.8 percent in July. Photographer: Matthew Staver/Bloomberg
Matthew Staver/Bloomberg
