M&G

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.

Tom Dobell, manager of the £7.5bn M&G Recovery fund, has told investors he is working harder than ever to turn around the fund's performance after a difficult spell over the past couple of years.

Jim Leaviss, head of retail fixed income at M&G, has removed his short position on the yen in his £688m Global Macro Bond fund following the dramatic sell-off in the Japanese currency.