M&G's £5.8bn Global Dividend fund, run by Stuart Rhodes, is among a handful of funds to jump from a single Crown rating to the highest award of five Crowns in FE's latest bi-annual ratings rebalance.
Performance has started to turnaround for the fund, which has jumped into the top quartile of the IA Global sector over the past six months to 13 July. Top risers also include the £81.5m Newton Multi-Asset Diversified Return fund, run by Paul Flood, and small-cap focused Chelverton Growth trust, managed by David Taylor. A total of 325 funds were awarded five Crowns. The Crowns ratings evaluate funds according to alpha generation, volatility and the consistency with which they have beaten their benchmarks over the past three years. Who won the FE Passive Funds awards? FE noted th...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
