Riddell hands EM Bond to Calich
M&G Investments has appointed Claudia Calich as manager of the Emerging Markets Bond fund with immediate effect, taking over from Mike Riddell.
M&G
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Somel buys BHP and Microsoft
M&G Global Basics Funds new lead manager Randeep Somel has bought into BHP Billiton and Microsoft on the basis both will become more shareholder friendly after executive changes.
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Retiring French quits MandG
M&G Global Basics Fund manager Graham French is retiring from day-to-day fund management, and has handed over the portfolio to deputy Randeep Somel.
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mandg recruits emd Invesco
M&G Investments has hired former Invesco emerging markets debt expert Claudia Calich to its retail fixed income team, reporting to Jim Leaviss, head of retail fixed interest.
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rosengarten exits city financial
City Financial head of UK asset management Ed Rosengarten is to leave the firm a year after orchestrating the deal to merge Eden Financial’s asset management team with its buyer.
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emerging markets cheap or a value trap
In the recent BofA Merrill Lynch Fund Manager survey, a net 36% of the respondents said that global emerging markets are the most undervalued of all markets, the strongest reading since 2004.
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consumers pessimistic longer term inflation rates
Despite high unemployment rates, excess capacity and a sanguine inflation outlook from the major central banks, it is important to keep an eye on any potential inflation surprises that may be coming down the line.
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MG offsets UK losses
M&G saw outflows of £1.2bn from its UK retail business in the first half of the year after slowing flows into two funds and as a result of RDR implementation.
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FoFs favour MG Optimal Income
M&G bond fund Optimal Income has the highest number of European fund of fund (FoF) investors at 180, Lipper’s latest FoF holdings report reads.
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Global Bond sector houses mega funds
The Global Bond sector has the highest proportion of billion-plus sized funds across 30 of the main IMA sectors, according to factsheet data from FE Analytics. Almost a quarter of the sector's constituents have over £1bn in assets.
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High yield specialist boosts MG team
M&G has appointed global fixed income specialist Andrius Isciukas to its retail fixed income team where he will work across high yield and investment grade products.
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BlackRock ousts MG from top sales spot
RDR is being blamed for the decline in mass market investment in Q1 2013 as net fund sales slumped to a five year low and ISAs were hit with net outflows, but some asset managers and their funds bucked such a trend…