M&G

M&G Investments has regained its number one position on the Pridham fund sales list, knocking BlackRock off the top spot.

SECTOR REPORT

M&G Investments' Alex Odd (pictured) has left the firm, handing his underperforming £1.4bn M&G Dividend fund to Phil Cliff amid a re-shuffle of the group's equity desk.

M&G Investments' top performing Global Dividend manager Stuart Rhodes has initiated a number of new holdings over the past couple of months as he seeks a new wave of income payers.

As the trend towards short-termism among fund pickers grows, Simon Evan-Cook, manager on Premier's multi-asset funds, asks: should some investors be banned from buying active funds?

Over the past month losses have racked up across bond sectors after comments from the Federal Reserve signalling the end of quantitative easing spooked global markets.

WHAT'S HOT?

M&G's director of UK advisory has predicted it could take up to two years to properly gauge demand for restricted propositions among the adviser community.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

PROTECTION