M&G Index Tracker Class A Accumulation Units
HL comment
Hargreaves Lansdown research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. This fund does not fall into either of these categories at present.
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
HL group comment: M&G
Our view on this Fund Management Group as a whole
The group has gone through some dramatic changes both internally, with shake ups in their fund range, and externally as a result of having been bought by the Prudential. Changes over the last few years to both the team and the investment philosophy has led to an improvement in performance across a range of funds. One sector in which they have been successful is in corporate bonds, where assets under management have grown enormously, and has provided a core element of their unit trust business. Their equity business is now equally competitive in the market place with performance speaking for itself across a range of funds including their UK and global products.
06-05-2009
HL sector comment: UK All Companies
Our view on this sector
The UK market had an astonishing run in 2009, whereas the first few months of 2010 have been more muted. Uncertainty has surrounded the markets recently as concerns over the Greek debt problems spread. The mining sector, one of the darlings of 2009, has suffered recently from proposed new taxes in Australia. Meanwhile the defensive sectors of the market still largely lag. The banks appear to be returning to health as Lloyds and RBS released reasonable first quarter figures. 2009's gains are unlikely to be repeated, though markets could yet be chased higher by cash waiting to be invested. Over the next year much will depend upon our success in tackling the budget deficit.
16-06-2010