M&G's Richard Woolnough has seen a reversal in outflows on his Optimal Income fund recorded over recent years, with AUM reaching above £20bn for the first time since August 2015.
The strategic bond fund previously reached a peak in AUM of £24.4bn in late 2014, but throughout 2015 saw significant outflows, with the group highlighting weak investor sentiment towards fixed income at the time, and by February 2016 AUM was at just under £15bn, according to FE. However, appetite for the fund has returned with AUM climbing to £20.7bn as at the end of September, as the wider investment and savings arm of M&G Prudential also reported a reversal of outflows seen last year. This morning, the firm reported UK & Europe external asset management net inflows of £9.9bn in the...
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