M&G's Aled Smith to run Asian fund

Smith is currently manager of the £871m Global Leaders and £560m American funds. Mackay works for Prudential Asset Management, a subsidiary of M&G’s parent company Prudential. He took on the fund in December in an interim capacity following the resignation of Nick Scott. The portfolio is a laggard in comparison to Smith’s other funds and it is hoped his investment approach will turn performance around. Until late last year Smith had also been managing the £132m Global Technology fund. In January, M&G announced co-manager Cyrille Filott had been handed the reins in a full time capa...