Rebranding for Managed Income

The M&G Managed Income unit trust is to alter its investment objective and will undergo a fund name change if it gets unitholder approval on 24 November, writes Kira Nickerson. Managed Income, run by Richard Plackett since April 1999, will become M&G Managed and invest for capital growth rather than income. At the moment the fund offers a yield of 3.0%. Plackett felt he was being too constrained by the income requirement on the fund at a time when stocks offering attractive dividend streams are becoming more difficult to find. The portfolio is to be changed over time to include a greate...