Morningstar puts M&G Global Growth under review

Morningstar has put its rating on the M&G Global Growth fund under review after manager Greg Aldridge was replaced by John William Olsen.

Mr Aldridge had been managing the fund on his own since Graham French left the firm, but from now on he will just be running institutional mandates.

The fund previously had a bronze rating but Morningstar has put it under review because “the talent and experience of Mr Aldridge were key to our strong conviction” on the fund.

Article continues after advert

However, Ruli Viljoen, head of fund research for Morningstar OBSR, said that the ratings agency had been “encouraged by the level of experience that Mr Olsen brings to this fund” and would look to meet the manager soon.