M&G names new manager for dividend fund

M&G names new manager for dividend fund

M&G Investments has named Michael Stiasny as the new fund manager of the £1.1bn M&G Dividend fund, with immediate effect. Stiasny brings a fresh approach to the 55 year-old M&G Dividend fund, focusing on a higher yield similar to that of the £1.1bn Charifund, which Stiasny manages for M&G's charity clients. As well as focusing on higher yielding stocks, he will gradually increase the number of holdings in the portfolio to diversify the sources of income. There will be no change to the fund...

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