M&G stems outflows
M&G Investments has stemmed the flow of investor money out of its funds, according to a trading update from parent company Prudential.
M&G Investments has stemmed the flow of investor money out of its funds, according to a trading update from parent company Prudential.
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M&G Investments UK equities manager Mike Felton is to leave the business after 11 years’ service.
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The mere suggestion of a revision of the Bank of Japan’s monetary policy has already had an impact on government bond markets but the uncertainty surrounding the exact shape of governor Haruhiko Kuroda’s plan has left investors divided on whether genuine returns in the sector are possible.
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Prudential owned M&G Investments recorded £7bn in net outflows over the first half of the year, and saw a 10% slide in profits.
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M&G Investments’ Richard Woolnough has turned to equities as he seeks to boost the performance of his M&G Optimal Income Fund.
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Tilney Bestinvest’s “Spot the Dog” report names M&G as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds.’
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Emerging markets have had a very good start to 2016 so I asked M&G’s Claudia Calich, whether this is because of cheap valuations or fundamental strength. And is the rally to date sustainable..?
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M&G Investments fund manager Charles Anniss is leaving the firm after 16 years to pursue another opportunity.
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M&G Investments said it is to launch a new online service this summer offering ‘lower fund charges’ to investors who sign up.
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M&G Investments has appointed Tristan Hanson as a fund manager in its multi-asset team.
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Prudential shares rose over 4% to 1383p as the company put out strong full year numbers.
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M&G Investments has hired Aberdeen’s CIO Anne Richards as its new CEO, to replace Michael McLintock.
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