M&G's Rhodes denies capacity issue on £6bn offering

Stuart Rhodes has moved to quell fears his M&G Global Dividend fund's performance could become compromised if assets continue to flood in to the portfolio.

The fund’s asset base has swelled considerable over the past year, more than doubling from £2.8bn to £6bn, reflecting strong investor appetite for high yielding global equity assets. Rhodes (pictured) said the fund’s large-cap bias means he is not concerned about the high level of inflows. He said although the fund has an internal capacity limit, it is still far off this level. “There are two main aspects you have to consider when it comes to capacity – one is overall ownership of a company. In over 75% of the fund we own less than 1.5% in an individual company, so I do not see this ...