View the article online at http://citywire.co.uk/wealth-manager/article/a745593
Ravenscroft acts to clarify fund of fund’s bond exposure
by Robert St George on Apr 09, 2014 at 12:23
‘Aside from these short-term price fluctuations, the fundamental reasons why M&G invests into Occidental Petroleum remain intact and, in turn, so do the reasons why we invest into the Global Dividend fund,’ said Yabsley.
‘Thanks to excellent relationships and absolute transparency from the underlying fund manager, as well as a strong and well resourced in-house research team, we do not need to react impulsively on the back of short-term market movements.'
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