M&G Investments has appointed Sam Ford as new manager for its £598m (€667m) UK Select Fund, which invests in a concentrated portfolio of UK stocks.
Ford will take on his new role as of 1 Janauary. He takes over from incumbent manager Mike Felton, who will leave M&G. In the meantime, the fund will be managed by co-deputy managers Garfield Kiff and Rory Alexander.
Ford joined M&G in 2014 as a manger to the group’s income team and was appointed deputy fund manager of the M&G Pan European Dividend Fund, M&G Dividend Fund and M&G Extra Income Fund in February 2015.
Graham Mason, CIO for M&G equities, multi-asset, retail fixed interest, says: “Since Sam joined M&G in 2014, he has quickly made his mark as an astute investor and I am confident that he will do a good job for our customers in managing the UK Select Fund. “I would like to thank Mike for his outstanding contribution over the past 11 years at M&G and wish him the best for the future.”