M&G has repositioned its Strategic Growth UK equity fund to give it a less aggressive mandate, write...
M&G has repositioned its Strategic Growth UK equity fund to give it a less aggressive mandate, writes David Griffiths. Head of global analysis at the company, John Hatherly, said that the new stance had been adopted following the fund's 'disappointing' performance. The aim of the change, he said, was to limit the vulnerability of the fund in adverse market conditions, rather than changing its strategy. He added: 'It will still have a growth bias. We have refined the process of stock selection so that it is more resilient in these kinds of circumstances.' While acknowledging that the...
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