View more on these topics

MAM looks to income to shield worst of inflation

MAM Funds has added the M&G global dividend fund to its CF Midas balanced income fund and has topped up an existing holding in Veritas global equity income fund.

The Veritas fund takes a thematic approach to build a portfolio capable of producing a high and growing level of income while preserving capital over the long term.
M&G global dividend invests worldwide in companies with a track record of consistently growing their dividend payments.

MAM Funds likes the equity culture at M&G and sees fund manager Stuart Rhodes as a safe pair of hands.

CF Midas balanced income fund manager Alan Borrows feels that Rhodes invests properly by looking at companies in the same way as other M&G funds. MAM Funds holds other M&G funds in the CF Midas balanced growth fund but until now it had no exposure to M&G funds in the income fund.

Borrows believes equities are the place to be, despite a number of possible negative factors. He expects corporate earnings to remain at a reasonable level with dividends continuing to increase and feels the level of income distributed by CF Midas balanced income will grow over time.

Borrows says: “The M&G fund provides us with diversity of equity income. Income is going to be an important source of return in a difficult inflationary environment and equity income is going to provide protection from the worst of inflation.”

Recommended

1

Quarter of firms to cut pension spend to pay for auto-enrolment

The Association of Consulting Actuaries has warned that 27 per cent of employers are likely to offset the cost of auto-enrolment by reducing their expenditure on workplace pensions. The ACA’s 2011 pensions trends survey shows this figure increases to 35 per cent among bigger employers, which are expecting between 12 and 17 per cent of […]

FSA data shows fall in proportion of advised mortgage sales

The proportion of advised mortgage sales has fallen 4 per cent over the past year, meaning they now count for less than half of all mortgage sales, according to the FSA. The regulator’s latest mortgage product sales data shows the proportion of mortgage sales that go through intermediaries fell from 51 per cent in the […]

mm gregorwattside

The trouble with annuities

The turbulent markets make buying an annuity a tricky proposition and getting it wrong could mean losing thousands in the long term.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com