M&G

M&G has handed Mike Riddell's Emerging Markets Bond fund to former Invesco Perpetual manager Claudia Calich.

Strategic bond managers are taking short-term positions in emerging market debt after the summer sell-off brought valuations back down to attractive levels.

Randeep Somel, the new manager of M&G's Global Basics, has revealed the fund is making new investments in miners again as he looks to position the portfolio for a new era.

Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".

M&G's Randeep Somel is looking to steer the £4.2bn Global Basics fund into new territory when he takes over from Graham French, buying technology, pharmaceuticals, and financials in a first for the portfolio.

Veteran fund manager Graham French is to leave M&G, handing over his Global Basics fund to his co-manager. Should holders of the fund consider other options?

M&G Global Basics fund manager Graham French is to leave the group, Investment Week can reveal, as he retires from fund management after a 25-year career.

THE BIG QUESTION

Leading bond managers including Jim Leaviss at M&G are moving away from high yield debt on concerns over rising leverage in the US and high valuations.

M&G's retail funds under management are up 24% year on year to £64.5bn at 30 September, driven primarily by strong inflows from European clients, with UK flows turning positive again in Q3.