Investors redeem £100m a day from Woolnough's flagship M&G fund
Performance losses of 15%
M&G's Richard Woolnough
Investors have withdrawn around £2.5bn from Richard Woolnough's M&G Optical Income fund since the US stockmarket reached an all-time high on 19 February to 25 March, as the coronavirus pandemic continues to take its toll on markets.
According to estimates from Morningstar, this represents redemptions of roughly £100m a day. Including the UK OEIC and the Luxembourg mirror, the fund, managed by Richard Woolnough, was the UK's largest...
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