M&G Extra Income Fund given AA rating
www.moneynews.co.uk > Banking > M&G Extra Income Fund given AA rating
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Money News |
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M&G Extra Income Fund given AA rating
Thu 16th Feb 2006
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According to M&G Investments, the fund now stands at a level of £460 million and over the last year has reached a gross return level of 19 per cent.
The company attributed the rising returns for investors to the firms that made up its portfolio – organisations such as BT Group, Barclays and Northumbrian Water.
Takeover activity within such companies as Britannic Group and O2 had also made the fund a good target for investors, it was reported.
M&G Extra Income Fund Manager Richard Hughes explained the positive return investors have been experiencing.
"UK companies have been behaving in a very shareholder friendly fashion, demonstrating their acknowledgement of the crucial role that dividends play in the long term total returns from equities," he said.
M&G is a specialised investment company owned by the Prudential Group.
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Related News : Prudential |
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