M&G

M&G has moved to take advantage of currently undervalued European equities by launching two new offerings, the Special Situations and Strategic Value funds.

Axa Wealth Management has added two flagship M&G funds to its pensions and investments platforms.

Old Mutual Asset Managers (OMAM) has announced Simon Murphy will take control of its £109.3m UK Select Equity fund from March 2008.

Zurich International's has added the £1.1bn M&G American fund and £1.2bn M&G Property Portfolio to its offshore investment platform.

APPROXIMATELY 200,000 investors in M&G unit trusts will soon see annual management fees jump by 50%, says this morning's Daily Telegraph .

Mike Felton is to take up the newly created role of head of UK equities for M&G in early January, responsible for investments across the UK fund range.

This year's investment story will be equities mixed with bonds because people will be more interested in avoiding losses than taking on risk to back winners, says Phil Wagstaff, managing director UK retail M&G.