M&G

The Cautious Managed sector remains at the top of the leaderboard on the Cofunds platform, taking 32% of net sales in June.

M&G's Richard Woolnough is maintaining his underweight to UK banks as he predicts the sector will not see a turnaround for 10 to 20 years.

Managers to run global and UK mandates at boutique group Eden Financial.

M&G's Richard Woolnough will see his Corporate Bond fund swell to nearly £5bn as part of a series of mergers being carried out by the group.

Spain is facing the same danger of default as Greece, Ireland and Portugal, said M&G's Mike Riddell, following the lacklustre Spanish government bond auction yesterday.

ON SPECIALIST MARKETS

M&G Investments has written to clients to confirm its plan to merge its £208m Income fund into Alex Odd's Dividend portfolio.

Ex-iShares and Gartmore sales director Julian Hince has joined M&G as technical development director.

STOCKHOLM SYNDROME

A PYRRHIC VICTORY FOR THE ECB