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.
M&G
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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…
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MandG European sales boosts quarterly results
M&G’s UK business outflows continued during the first quarter of the year following the firm’s decision last summer to stem inflows into the Corporate Bond and Strategic Bond Funds.
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MandGs Vaight underweights key EMs
Coca Cola became too big, and many opportunities in key emerging markets are now too expensive, according to value-driven Matthew Vaight, manager of M&G's Global Emerging Markets Fund.
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The Euro experiment
State intervention can work in inefficient markets, but should be avoided in those that are correctly functioning, according to Richard Woolnough of M&G Asset Management.
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returns from EM and developed markets reach par
From an investment point of view, emerging markets have had a fairly tough time in the past couple of years, with funds in the IMA’s Global Emerging Markets category returning on average 7% in the past year compared to 9.3% from the MSCI World Index.
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Record year for MandG
M&G boasted record funds under management in 2012, although UK net sales were 30% below 2011 levels and are expected to continue to slow through 2013.
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MandG promotes small cap manager
M&G Investments has promoted Matthew Cable to deputy manager of its £370m Smaller Companies Fund, led by Louise Nash.
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Two funds ousted from Wealth 150
The M&G American Fund and the M&G Global Leaders Fund have been removed from the Hargreaves Lansdowne Wealth 150 list following a period of poor performance.
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all change for the fund group rankings in 2013
M&G led the usual suspects at the top of the fund group sales rankings in 2012, though how might the table change if the equity rally lasts the whole of this year?
