Two thirds of M&G AUM fails to meet performance expectations

95.8% deemed to deliver value overall

Elliot Gulliver-Needham
clock • 2 min read
M&G Recovery and M&G Absolute Return Bond funds were rated unsatisfactory
Image:

M&G Recovery and M&G Absolute Return Bond funds were rated unsatisfactory

Only 34.8% of M&G Investments' assets under management has been found to deliver value according to its investment performance metrics, a 6% decrease on last year's figure.

Of the remaining assets, 60.8% needed improvement while 4.4% of the AUM was found to be unsatisfactory. Investment performance value is judged against all stated fund objectives, performance versus the benchmark and any relevant non-financial and sustainability objectives.  Despite this, M&G reported an improvement in its annual assessment of value report, with 95.8% of its funds by assets under management deemed to be delivering value overall, up from 92.1% in the previous year. By overall performance, fewer funds were rated ‘must improve' than last year, however two funds were rated...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

TAM CEO Paul Hogarth

Tatton AM completes £7m acquisition of 8AM Global

Follows record year for flows

clock 15 August 2022 • 1 min read
Archax, which is founded by former hedge fund executives, provides a platform for institutional investors to trade cryptocurrencies

Update: abrdn takes stake in digital securities exchange

Largest external shareholder

Kathleen Gallagher
clock 12 August 2022 • 2 min read
Year-to-date, the firm's profit are down 33% totalling €94m.

Aegon Asset Management AUM down €76bn in H2

Increased cash flow expectations

clock 11 August 2022 • 2 min read
Trustpilot