M&G

ON ASSET ALLOCATION

Prudential is closing its money market Maximum Income Trust next month after large investors planned to redeem their holdings.

M&G's £233.3m High Interest fund has powered ahead of Money Market sector peers over the past year after retaining exposure to floating rate notes hit hard during the financial crisis.

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.