Pricey tracker fund calls into question M&G’s value for money assessment
Asset manager praised for level of introspection but tracker costs some seven times more than a rival equivalent
Aspects of M&G’s latest value for money assessment have been called into question, after an expert pointed out that the asset manager’s tracker fund costs some seven times more than a rival’s equivalent.
In its second assessment of value (AoV) report M&G admitted 60% of its funds “must improve” their investment performance, however the asset manager said that most of its range offers value for money.