French commits to run Global Basics until 2020

Graham French, M&G's popular global equity manager, has committed to run his Global Basics fund until at least 2020, Investment Week can reveal.

French, in charge of the £5.1bn fund since it relaunched with a new name and objective in late 2000, told investors he is committed to run the top performing mandate for the next decade. The move will provide holders of the fund with some certainty at a time when many managers still move around frequently. His fund remains highly sought after by investors, having returned 47.8% in the last three years, compared to the IMA Global sector average return of 37.5%. In the year to 6 July, French’s fund has suffered alongside peers as global markets sold off amid fears of a slowdown aroun...