M&G

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

M&G's top-performing fund manager Stuart Rhodes has bought into parent company Prudential as the firm raised its dividend by 20%.

ON BONDS

Multi-manager funds proved popular among investors in the first quarter of 2011, with groups including Jupiter and Henderson all seeing a rise in sales thanks to their funds of funds, according to the latest Pridham report.

Former M&G star David Jane has today launched of the first offering from his new boutique, the TM Darwin Multi Asset fund, a rival to the top performing M&G Cautious Multi Asset fund.

M&G Investments has reported a fall in inflows of 11% in the first quarter of 2011.