M&G

Tom Dobell, manager of the £7.2bn M&G Recovery fund has rejigged his portfolio extensively since the financial crisis to take advantage of opportunities as they emerge.

M&G has promoted recent hire James Tomlins to lead manager on its European High Yield Bond fund.

Leading fund managers believe gilts now look like the next safe haven bond market to come under threat ahead of DMO sale this week.

US

ON BONDS

M&G bond fund manager Mike Riddell has warned the crisis in Europe has taken a turn for the worse after bond yields in core European countries rocketed yesterday.

M&G stars including Richard Woolnough and Jim Leaviss helped the group rake in over £1bn of new money in the third quarter, keeping it in top spot in the retail sales charts.

M&G global head of retail sales says industry is awash with mediocrity, which must be eradicated.

Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.

Defaqto research has revealed a list of the top funds across the IMA sectors for income, which includes offerings from major players as well as from smaller groups.