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...
New role in September
JOHCM's Beagles: Post-referendum economic and company data proves it is not as gloomy as many believe
More than a month on from the EU referendum and the sky has not fallen in. Helped by the Conservative party's usual brutal efficiency that ensured the political vacuum was quickly filled, financial markets have stabilised.
The US market continues to climb higher on encouraging economic data, recovering oil prices and the Federal Reserve's cautious approach to raising interest rates, writes Franklin Templeton's Grant Bowers.
Prime Minister Shinzo Abe won a decisive victory in the Upper House polls last month. His ruling coalition now holds a 'super majority' control of both houses of parliament (ie, holds de-facto more than two-thirds of all parliamentary seats), writes Jesper...
Which funds topped the chart?