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.
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter