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...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%