View the article online at http://citywire.co.uk/wealth-manager/article/a746847
M&G’s Rhodes sells BlackRock for Aberdeen income opportunity
by Dylan Lobo on Apr 17, 2014 at 10:42
‘In the second half, value as a strategy recovered and this exceptional performance continued into 2014. We were positioned well for this.’
This helped build on a strong run, which has seen the fund deliver a total return of 34.4% over the three years to the end of March versus the 27% gain by the FTSE World index.
Over five years the fund has outperformed the benchmark by around 40%, returning 143% and according to Citywire data it is the top performer out of the 18 funds with an equivalent track record.
The strategy recently passed the €10 billion (£8.2 billion) mark, establishing it as a core offering in the M&G stable. Rhodes indicated the firm plans to invest further to enhance its success.
‘This team will grow and we are going to invest in this team when we find the right personnel,’ he said.
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