M and G Tomlins High Yield Corporate Bond Fund
James Tomlins is to co-manage M&Gs £1.3bn High Yield Corporate Bond Fund.
James Tomlins is to co-manage M&Gs £1.3bn High Yield Corporate Bond Fund.
M&G Investments has apologised to investors in its High Yield Corporate Bond fund after an accounting error by State Street led to the need to reconcile the taxes on its distribution payments.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.