Two thirds of M&G AUM fails to meet performance expectations

Of the remaining assets, 60.8% needed improvement while 4.4% of the AUM was found to be unsatisfactory. Investment performance value is judged against all stated fund objectives, performance versus the benchmark and any relevant non-financial and sustainability objectives.  Despite this, M&G reported an improvement in its annual assessment of value report, with 95.8% of its funds by assets under management deemed to be delivering value overall, up from 92.1% in the previous year. By overall performance, fewer funds were rated ‘must improve' than last year, however two funds were rated...