Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

M&G to merge Felton’s UK equity funds

M&G to merge Felton’s UK equity funds

M&G Investments is proposing to merge its £550 million UK Growth fund with the £81 million UK Select fund, both run by manager Mike Felton.

The merger, which is set to occur on 15 March subject to shareholder approval, will see two funds with the same investment approach blended together and aligned into a single portfolio.;  M&G said the proposal had been put forward to investors because of the potential for economies of scale.

Over three years to 14 January, the Select fund has returned 24.2% versus the benchmark’s 23.5%.

In the same time period, Felton (pictured) has delivered 26.3% on the Growth fund, against the benchmark’s 23.5%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter