M&G

Joseph Pinto will join M&G Asset Management in March as its new chief executive officer, the international savings and investment firm said.

Pinto joins from Natixis Investment Managers and succeeds Jack Daniels who announced his retirement last summer following 21 years of service. At Natixis Pinto served as head of distribution and investment solutions for Europe, Asia and Latin America and as global chief operating Officer.

M&G a déclaré qu’elle allait introduire un ensemble supplémentaire d’exclusions ESG pour son fonds M&G (Lux) Optimal Income géré par Richard Woolnough. 

M&G said it will introduce an additional set of ESG exclusions to its M&G (Lux) Optimal Income fund managed by Richard Woolnough. 

Stefano Amato has joined M&G Investments as a senior fund manager in the multi asset team. Amato, who joins from Santander, will co-manage the 1.1 billion euro M&G (Lux)  Income Allocation Fund alongside Steven Andrew to whom he will report. 

After two consecutive red quarters, global high-yield bond funds closed the third quarter with handsome gains. Yet it is premature to speak of a trend reversal.

The European Central Bank as expected announced a 75-basis-point interest rate hike on Thursday. It is the third consecutive increase this year. The move came as no surprise to markets.

The central bank updated its wording of the forward guidance, indicating that further tightening is to be expected, but will be done on a meeting-by-meeting basis. At the press conference, following the board meeting, President Lagarde elaborated on the time lag between monetary policy decisions and the subsequent effects on economic data. 

Central bank interest rate hikes seems to have had their desired effect, with signs pointing to the end of the very high inflation of late, but, according to three chief investment officers at M&G Investments, the world’s economy isn’t out of the doldrums yet, especially because of Russia’s ongoing war against Ukraine.

Depuis plusieurs mois, de nombreuses personnalités de la sphère économique envisagent la possibilité d’un changement de paradigme des politiques économiques. Ainsi semble se constituer progressivement un consensus autour de la nécessité de maintenir les taux bas pour faciliter l’investissement dans les infrastructures, notamment les infrastructures vertes.

Ces dernières années, le gestionnaire britannique M&G s’est clairement fait une place dans le cœur des investisseurs belges, avec notamment son fonds mixte flexible M&G Dynamic Allocation dont la performance annualisée dépasse désormais 7,3 pour cent durant les cinq dernières années avec une volatilité sous les 8 pour cent.