Two thirds of M&G AUM fails to meet performance expectations

95.8% deemed to deliver value overall

Elliot Gulliver-Needham
clock • 1 min read
M&G Recovery and M&G Absolute Return Bond funds were rated unsatisfactory
Image:

M&G Recovery and M&G Absolute Return Bond funds were rated unsatisfactory

Only 34.8% of M&G Investments' assets under management has been found to deliver value according to its investment performance metrics, a 6% decrease on last year's figure.

Of the remaining assets, 60.8% needed improvement while 4.4% of the AUM was found to be unsatisfactory. Investment performance value is judged against all stated fund objectives, performance versus...

To continue reading this article...

Join Professional Adviser

 

  • 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 Companies

Kingswood acquires Hampshire IFA in sixth deal of the year

Kingswood acquires Hampshire IFA in sixth deal of the year

‘Reinforces our presence in Hampshire’

clock 01 August 2022 • 2 min read
Andrew Formica will step down as CEO in October, with CIO Matthew Beesley taking over.

Jupiter's AUM drops by 19% as investors pull £3.6bn and performance declines

‘Disappointing’ results, says Formica

clock 29 July 2022 • 3 min read
Flows down at £600m, compared to £1bn last year.

Rathbones maintains positive flows in H1 as profits decline

Profits drop to £50m

clock 28 July 2022 • 2 min read