A 20-minute listen.

As M&G’s Absolute Return Bond fund nears that all-important three year mark, co-portfolio manager Wolfgang Bauer joins Sam Shaw in another Octo podcast episode.

Wolfy tells Sam how he’s been de-risking the portfolio following the raft of opportunity earlier in the year when credit risk was ‘exaggerated’, is most concerned about worsening trade wars and explains why he could ‘never be an equity fund manager’ with only one lever at his disposal.

This series has been about M&G’s rising stars, and in case you missed it, John Weavers was chatting to Sam last week, defending US equities as being worth their premium valuations.