M & G Index Tracker Fund 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.
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. The most successful shares have been in economically sensitive sectors like mining and financials, and also many smaller companies performed well. Defensive sectors (such as utilities) have trailed behind. The huge rise in the market in 2009 is unlikely to be repeated, although markets could be chased higher by the wall of cash still waiting to be invested. Over the next year much will depend upon the ability of the UK economy to recover and the financial system to start working coherently again.
23-02-2010