M&G’s Graham French has been selling down his exposure to commodities after falling prices and a ‘poorly managed’ sector hit the performance of his Global Basics fund last year.
French, who has run the £5.2bn fund since 2000, apologised to investors for his performance last year after lagging the sector substantially. Global Basics has returned just over 1% over the past 12...
US markets suffer losses upon opening
Britain votes to leave the European Union
Manager intends to add to oversold positions
Could spell safe haven status for UK longer term
All 32 Scottish councils voted to remain