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Article: Fund Management: Felton adjusts focus of M&G capital fund.
- Article from:
- Money Marketing
- Article date:
- March 3, 2005
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Mike Felton has finished restructuring M&G's capital fund after changing 50 per cent of the stockholdings.
Felton, who took over from David Jane seven weeks ago after joining from Isis, says the capital fund is now unashamedly a clone of the UK prime fund he ran at Isis, which was ranked in the first quartile over three years, outperforming the FTSE All Share index by 17.5 per cent and the UK all companies sector average by 17.3 per cent.
He believes the fund can deliver the performance of a focus fund but with lower volatility than the FTSE All Share through active management and risk awareness.
He says: "All too often, focus funds are ...