M&G Global Emerging Markets fund loses Elite Rating

Sam Slator 10/10/18 in Elite Funds news

M&G has announced that Matthew Vaight, manager of the M&G Global Emerging Markets fund, will leave the company towards the end of 2018 to pursue interests outside of the asset management industry. As a result the fund will lose its Elite Rating.

Matthew began career as a graduate trainee with M&G 22 years ago. He launched the M&G Global Emerging Markets fund in 2009.

Michael Bourke, who has 18 years of investment experience, will take over management of the M&G Global Emerging Markets fund on Matthew’s departure.

Michael has worked alongside Matthew in the M&G emerging markets team since 2015 and will be maintaining the same investment philosophy and process. However, the fund’s track record is fully attributable to Matthew and the Rating can therefore not retained under Michael’s management.

This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Past performance is not a reliable guide to future returns. Remember, all investments can fall in value as well as rise, so you could make a loss. Before you make any investment decision, make sure you’re comfortable and fully understand the risks.Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.

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