M&G's Rhodes: 'I don't want to lose the ability to go against the grain, but we can get better at it'

Global Dividend fund seeing performance turnaround

Anna Fedorova speaks to Stuart Rhodes, manager of the M&G Global Dividend fund, about the challenges he faced last year, learning from his mistakes, and what has driven the turnaround in performance in 2016.

The £6.2bn M&G Global Dividend fund had a tough 18 months in 2014-15, but manager Stuart Rhodes (pictured) has turned around performance over the past year to take the fund back into the top quartile of the IA Global sector.  This reversal in fortunes comes as some of the investment decisions taken in the previous years begin to bear fruit, but the manager has had to go through a painful period and show commitment to his investment style just to get to this point.   Last year, the fund was down 6.8% versus its sector average of +2.8%, but Rhodes held on to his conviction in unloved st...