scrimgeour leaves blackrock after 25 years
Michelle Scrimgeour has left BlackRock after a quarter of a century to step in as group risk director for M&G Investments.
Michelle Scrimgeour has left BlackRock after a quarter of a century to step in as group risk director for M&G Investments.
M&G has promoted Phil Cliff to manage its £22m Pan European Dividend Fund, while Randeep Somel has been lifted up from deputy manager to co-fund manager of the Managed Growth Fund.
M&G has ended Invescos more-than-four-year reign as the biggest manager of UK-domiciled funds, according to the latest statistics from the Investment Management Association.
M&G’s annual results showed its profits for the full year 2011 rose by 22% while its assets under management grew by just 2%.
Jim Leaviss praises the fact the European Central Bank is no a democratic organisation while warning this is not the only time Greece will default.
Investors want to overweight emerging markets more than any other region when it comes to their asset allocation choices, but where are the oportunities and are there enough securities to go round?
M&G Investments has hired Phil Cliff for its European equity team, as manager of the Pan European Dividend Fund.
M&G continues to merge the Prudential unit trust range into M&G-branded and run propositions.
The IMA has released the list of funds which fall under its new Global Equity Income Sector, with one notable exception the £1.6bn M&G Global Dividend Fund.
The M&G Corporate Bond Fund does not adhere to the IMA’s definition of a corporate bond so it should be moved out of the IMA sector altogether.
James Tomlins has taken over as lead manager of the M&G European High Yield Bond Fund.
M&G’s Q3 results saw net fund outflows overall even though its UK business contributed positively.