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M&G unveils ESG global high yield fund

M&G Investments has launched a global high yield fund with ESG screening. The new strategy, which is co-managed by James Tomlins and Stefan Isaacs, will invest a minimum of 80 per cent of its assets in global high yield bonds across issuers, geographies and sectors. The managers will use a three-phase screening process to incorporate […]

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Fidelity pensions head leaves firm

Fidelity International head of pensions policy Richard Parkin is leaving the firm after 15 years to take some time away from the industry. While a direct replacement will not be appointed, head of pensions product Carolyn Jones will take on more externally facing duties following his departure at the end of December. A Fidelity spokesperson […]

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Top Baillie Gifford partner warns ETFs are ‘dumb money’

Baillie Gifford partner and fund manager Charles Plowden has condemned exchange traded funds as “dumb money” and warned they are likely to lead to another crash like the one seen in the latest global financial crisis. The manager of one of Baillie Gifford’s flagship funds, the £1.5bn Monks investment trust, compared index funds with the […]

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