M&G American tops US peer group

Despite never topping sector in any discrete year, Aled Smith's portfolio doubled sector average over three years

Funds in the North America sector have seen their performance drop in recent months as a result of the fall in global equity markets. That said stock-specific ideas have helped certain funds weather the storm. For the 70 funds in the peer group, cumulative bid to bid performance over the three years to the end of June ranges from 3.76% to 38.83%, with 13 new offerings launched within the past three years. The £239.2m M&G American fund, managed by Aled Smith, stands at the top of the peer group with cumulative bid to bid growth of 38.83%. This compares with the average fund in the sector...