M&G

GOSLING'S GROUSE

M&G has lost its number one spot at the top of the widely followed Pridham report, after sales at rivals BlackRock and Standard Life surpassed the Prudential-owned asset manager.

ON BONDS

M&G saw funds under management hit a new record in Q1 as strong sales in Europe offset outflows from the UK market after moves to slow flows into its leading bond fund range.

Darwin Investment Managers has launched a model portfolio service comprising three funds managed by multi-asset veteran David Jane.

FIVE CHALLENGES CARNEY FACES

A number of global emerging market fund managers have been cutting exposure to the defensive consumer staples sector, as fund buyers warn their positioning has damaged performance.

Kira Nickerson discovers that some fund managers are beginning to re-examine this previously unpopular asset class.

Martin Brookes, one of the named managers running Prudential's huge with-profits fund, has left the firm after more than a decade.

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.