Stiasny to lead £1.1bn M&G Dividend fund

Fund will now focus on higher yield and will increase its number of holdings

M&G has appointed Michael Stiasny as the new portfolio manager of its £1.1bn AUM Dividend fund, which is to undergo a style change under his leadership.

Under Stiasny, the fund will now target a higher yield and will increase its number of holdings in efforts to diversify its sources of income. UBS AM launches Global Diversified Incomefund Despite the change in focus, M&G said the 55 year-old M&G Dividend fund will see no change to its aims, objective or policy. Stiasny is also the manager the £1.1bn Charifund and £581m M&G UK Income Distribution fund, while performing deputy fund manager duties on the M&G Recovery and Global Recovery funds. He joined M&G in 1998 as an equity analyst, before becoming head of the equity research ...