M&G

Multi-asset managers are finding renewed opportunities in UK government bonds as they try to eke out value for their portfolios at the start of 2014.

M&G has appointed James Tomlins as co-manager of its £1.3bn High Yield Corporate Bond fund with immediate effect.

SECTOR REPORT

UK EQUITIES

Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".

M&G Global Basics fund manager Graham French is to leave the group, Investment Week, IFAonline.co.uk's sister title, reports.

M&G's retail funds under management are up 24% year on year to £64.5bn at 30 September, driven primarily by strong inflows from European clients, with UK flows turning positive again in Q3.

Today Invesco Perpetual revealed Neil Woodford, the most famous fund manager in Britain, is leaving next year to launch his own business.

QUIZ

M&G's Graham French has told investors last year was one of the toughest periods of his career as his fund underperformed amid a torrid time for commodities.