M&G promises 'fresh action' on underperforming funds
Recovery and Pan European Select Smaller Companies funds singled out
The Pan European Select Smaller Companies fund consistently fell short of its performance target, according to M&G's report
The board of M&G Securities has promised "fresh action" over two of its funds, which were singled out as having "constantly underperformed for investors for some time" in the firm's first Assessment of Value (AoV) report published this week.
M&G's AoV, which reviewed the value in 246 share classes across 50 funds, found that while the majority of funds had delivered for investors on various metrics, the £1.4bn AUM M&G Recovery and £134m AUM...
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