Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter