M&G Property Porfolio remains shut despite exceeding 20% cash
Asset manager has vowed not to charge fees on cash held in excess of 20%
Asset manager has vowed not to charge fees on cash held in excess of 20%
‘The bond funds are very good, but they were just expensive’
Lack of ‘blue wave’ should put less pressure on the US Treasury curve, leaving high-yielding assets attractive
Eva Sun-Wai has been a junior manager in the fixed income team since 2019
Follows departures of Andrew Watson in 2019 and Neil Brown in September
‘Clearly buying a much less volatile earnings stream could have its advantages’
Launch comes off the back of its acquisition of Ascentric
Veteran investor had suffered poor performance with out-of-favour approach
Net outflows hit over double the £3.8bn pulled in H1 2019
Knight Frank offers ‘small glimmer of hope’ but portfolio remains shut due to liquidity issues
Royal London parts with wrap advised platform with £14bn in AUA
Jeremy Richards set to leave fund house after 37 years