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Pru merges trio of funds into M&G range

M&G Investments is merging the £774.6m Prudential corporate bond trust into Richard Woolnough’s £4.1 billion M&G corporate bond fund, among other fund mergers.

The move brings a legacy range of Prudential funds that are no longer marketed to direct investors in line with the M&G fund range. M&G has been Prudential’s fund management arm since its acquisition by the life assurance group in 1999.

The Prudential North American Trust will be merged into the M&G American fund, the managed trust into the M&G Managed fund and the European Trust into the M&G Pan European fund.

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