Its no wonder it was a bad year for them, the way they respond to changes in the market. Timing is everything. It appears they don't have the grasps on timing and cant tell the ones to hold and the ones to sell. When commodities are down,,, that's when you buy/not to sell. They probably have advisors who are also panickers Having said that, M&G are not the only funds who cant get it right. A smart fund would be buying CDU from M&G/Vanguard.
