M&G fund value improves but performance concerns persist

M&G Investments second annual AoV published

Mike Sheen
clock • 3 min read

M&G Investments has reported an improvement in its second annual assessment of value (AoV) report, with 92.1% of its AUM by share class deemed to be delivering value, up from 87.8% in the previous year, but concerns remain about the investment performance of the firm’s offering.

The firm handed a "must improve" rating to 7.9% of its AUM by share class, down from 8.3% in 2020, while 0% was deemed "unsatisfactory" overall compared to 3.8% last year. M&G pinned the improvement on measures taken since its 2020 AoV, including a reduction of fees on a large portion of its fund range. Meanwhile, in efforts to overcome "unsatisfactory" performance identified in the firm's 2020 AoV, adjustments were made to the objectives or strategy of M&G's Pan European Select Smaller Companies, Recovery, Episode Growth and Managed Growth funds. In 2020, 3.9% of M&G's fund range ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'Fundamental shift': Why transparent investing really matters

'Fundamental shift': Why transparent investing really matters

‘There needs to be a concerted shift towards greater openness’

Simon Camilleri
clock 18 March 2024 • 4 min read
Partner Insight: Passive and active — the case for both

Partner Insight: Passive and active — the case for both

Invesco
clock 18 March 2024 • 4 min read
Future of Investment Festival: Secure your place for June now

Future of Investment Festival: Secure your place for June now

A look at how to take advantage of global megatrends

Professional Adviser
clock 11 March 2024 • 2 min read