M&G’s French commits to run Global Basics fund until 2020
Graham French, UK fund company M&G’s global equity manager, is understood to have committed to run his Global Basics fund until at least 2020.
Investment Week reports that French, in charge of the £5.1bn fund since it relaunched with a new name and objective in late 2000, told investors he is committed to run the top performing mandate for the next decade.
The move will provide holders of the fund with some certainty at a time when many managers still move around frequently.
His fund remains highly sought after by investors, having returned 47.8% in the last three years, compared to the IMA Global sector average return of 37.5%.
In the year to 6 July, French’s fund has suffered alongside peers as global markets sold off amid fears of a slowdown around the world.
However, over longer periods he remains a stand-out performer, delivering 10.9% over five years, versus an average return of 4.5%. Since launch the fund has delivered 208.46%, dwarfing the average 23.91% from the peer group.
M&G declined to comment.
This article was first published on Investment Week