M&G

The new so-called 'currency vigilantes' hit sterling hard yesterday, on a day when gilt yields dropped to a new record low.

ON EMERGING MARKETS

M&G's Simon Bailey is relinquishing control of the £169m Smaller Companies fund next month after almost a decade running the vehicle.

High valuations and a lack of corporate governance means China is the worst placed emerging market to deliver a return on capital, according to M&G's Matthew Vaight.

GOSLING'S GROUSE

GOSLING'S GROUSE

M&G won the Outstanding Investment House accolade at last night's OBSR Honours Dinner, held at the Dorchester Hotel in London.

Commercial property may have regained some of the ground it lost since the Lehman Brothers collapse but it appears investor sentiment is cooling on the asset class.

Stefan Isaacs is taking over from Jim Leaviss as lead manager of the £1bn M&G High Yield Corporate Bond fund from 1 October.

M&G is launching what it believes to be the first inflation-linked corporate bond fund aimed at retail investors in the UK.