NEW VIDEO – M&G’s Wolfgang Bauer and Mark Robinson zoom in on AT1 bonds

Subordinated debt enjoyed an excellent year in 2017, AT1 (Additional Tier 1) bonds in particular. But what are the unique features of this sub-asset class and do AT1 bonds still offer value? M&G credit analyst Mark Robinson, who focuses on the banking sector, joins Wolfgang Bauer, Fund Manager of the M&G (Lux) Absolute Return Bond Fund, to explain the challenges that today’s tight spread levels potentially hold for investors.