M&G

Patience and stockpicking key to taking advantage of inefficiency.

Fixed income managers are warning parts of the emerging market debt universe have become considerably overvalued as a wall of money enters the burgeoning asset class.

Ghana is as long as 75/1 with some bookmakers to win this summer's World Cup, but the IMF predicts the west African nation will walk away with a world title of a different kind in 2010.

UK equities, emerging markets, global equities and income funds are the top four asset classes IFAs expect to be recommending to clients this year.

Morningstar has praised M&G's Richard Woolnough for effectively managing the rapid growth of his Corporate Bond fund but has expressed concerns the fund's TER is well above the category median.

Mike Riddell has been named as the new lead manager on three M&G retail fixed income funds, replacing Jim Leaviss.

The volatility of the past two months experienced not only by US equities but across the world has been interpreted as evidence last year's so-called ‘dash to trash' is nearing an end.

OPM Fund Management has made a slew of fund changes in the past month, with Investec Asset Management among the main beneficiaries.

Investec's Alastair Mundy has won Morningstar's inaugural qualitative award category: the Morningstar UK Equity Fund Manager of the Year award.

M&G posted a 216% rise in UK retail net inflows last year, with the £6bn net total accounting for almost a quarter of all IMA sales.