M&G Gilt & Fixed Interest Income - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral

Ashis Dash 6 November, 2015 | 7:14AM

Following a recent Morningstar Analyst Ratings meeting, we have moved the M&G Gilt & Fixed Interest Income fund to a Morningstar Analyst Rating™ of Neutral. The fund’s rating was previously Under Review following the news that fund manager Mike Riddell was leaving M&G. New manager Matthew Russell took over managerial responsibilities in July 2015. Although he has been part of M&G’s retail fixed interest team since 2007, Russell’s experience as a government bond portfolio manager is rather limited with his previous experience being primarily focused on corporate credit and asset backed securities. While the top-down biased investment process remains broadly unchanged, we need to see the new manager’s execution of this approach over a longer period to build our conviction on the fund.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
M&G Gilt & Fixed Interest Inc GBP A Acc598.65 GBP0.32

About Author

Ashis Dash  is a Morningstar Fund Analyst

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