M&G

ON SPECIALIST MARKETS

IRELAND IN NEED

VIDEO: LEAVISS IN INDIA

M&G's Jim Leaviss believes investors need to learn to live with heightened volatility as the reappearance of the European debt problems highlights the fragility of the global economy.

GLOBAL GROWTH

Strong inflows into Prudential's asset management arm M&G and its with-profits products helped UK sales rise 3% to £548m for the first nine months of the year compared to the same period in 2009.

M&G recorded a market-leading £1.74bn net retail inflow in the third quarter, 5% more than the equivalent period in 2009.

J.P. Morgan's Global Consumer Trends fund is expected to move from Specialist into Global Growth following the IMA's proposed changes to the sector, to compete with Graham French's £4.9bn M&G Global Basics.

M&G has confirmed it is to launch a multi-asset income fund next week.

Tom Dobell's decision to double his stake in oil giant BP through the Gulf of Mexico disaster has paid off for the £5.85bn M&G Recovery fund manager, with the stake increasing in value by £25m.