M&G Least Popular Fund House of 2016

M&G proved the least popular fund provider of 2016, with UK investors pulling £7.5 billion from their funds, data from Morningstar Direct revealed

Karen Kwok 3 February, 2017 | 3:44PM

M&G proved the least popular fund provider of 2016, with UK investors pulling £7.5 billion from their funds, data from Morningstar Direct revealed. In fact, M&G has suffered continuous outflows since March 2014, with the exception of just two months.

Looking at the least popular funds of 2016, four of the top 10 funds by outflows are managed by M&G. The M&G Optimal Income fund saw the worst outflows across all sectors, losing £3.1 billion in 2016. Morningstar approached M&G for comment, but the firm declined to comment on flows.

Ashis Dash, associate director of fixed income strategies for Morningstar believes the primary reason for continuous outflows in this fund is due to its underperformance over the last two years, however analysts retain their conviction in this fund.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aberdeen UK Property A Acc122.19 GBP0.01
ASI Emerging Markets Equity I Acc1,046.22 GBP0.38
M&G Global Dividend GBP A Acc374.65 GBP0.50
M&G Optimal Income GBP A Acc231.06 GBP0.09
M&G Recovery GBP A Acc314.66 GBP0.79
M&G Strategic Corporate Bond GBP A Acc132.16 GBP0.10

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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