M&g Share Discussion Threads

[1jat] 05/3/2024 17:07

Makinbucks….the problem with PruFund is its design for smoothing which is unique and therefore difficult to get platforms to develop a product specific feature. It is also not a product that can be sold direct under MiFID regulations - customers need to be advised despite the demonstrable track record of the multi asset fund producing less volatile returns than many funds sold on platforms.
There is an unsmoothed OEIC version of most PruFund derivatives some of which are carried by platforms….but they don’t get much promotion probably because MNG prefers to sell the WP version.
MNG has implemented PruFunds on its own platform (although that may be for sale).

[makinbuks] 05/3/2024 13:58

The thinking towards the platform and the distribution of PruFund seems somewhat muddy. My reading is its a marketable brand with good financial performance but restricted by in house IT. I wonder if some smart Fintech business could help them

[rongetsrich] 02/3/2024 20:22

Welcome Tewksbury, there is money to be made Helen should now be known to you, others here have good information and angles.

[helen troy] 02/3/2024 11:49

Welcome Tewksbury. Its not a free ride though. Your original investment might drop below the investment value when the divi is paid.

[tewkesbury] 01/3/2024 12:42

Bought in lower and am getting a 10.2% Divi on my original investment. Staying in for the long term.

[rongetsrich] 29/2/2024 15:44

https://citywire.com/new-model-adviser/news/mandg-mulls-fresh-prufund-sales-strategy/a2437166?re=117767&ea=2082368&utm_source=BulkEmail_NMA_Daily_Summary&utm_medium=BulkEmail_NMA_Daily_Summary&utm_campaign=BulkEmail_NMA_Daily_Summary

[1jat] 28/2/2024 10:32

STJ today showing how a strength (Sales channel) can become a weakness if not Kept in check.

We need to look for the sacred cows and be skeptical of them.

For MNG so much of its business depends on the With Profits Fund and treating those policyholders fairly that is the sacred cow - fortunately its custodians seem to be pretty good at keeping it healthy.

[gbh2] 27/2/2024 19:27

I'll hang on and sell a few days prior to ex dividend, as usual.

[gurunostradamus] 27/2/2024 16:03

Agreed although it could be a week or so just around 7 March

[adejuk] 27/2/2024 15:55

rsi collapsing
good time to buy in a few days

[adejuk] 27/2/2024 14:43

happy to be corrected
i'm old

[adejuk] 27/2/2024 14:42

i sold 50k at 226
an ex div of 203 would be v nice but i think it would be good even at 215

[1jat] 27/2/2024 08:58

Even ABDN managed a bounce on results….it would seem the market has hit the bottom for asset manager/wealth management shares.

Roll on the results for MNG.

[helen troy] 23/2/2024 16:54

Have you taken next month's x-divi 13.04p so fall into account adejuk?

[adejuk] 23/2/2024 15:45

at best, for me, 203

[adejuk] 23/2/2024 15:40

i sold all at 226 [i think] and have resisted entering since then
i expect a fall to 215 at which point i will buy.
i may be wrong, but, what's a few p?

[pete160] 22/2/2024 08:02

Worse, on the app it doesn't allow posts to be edited once posted.Publish and be darned! :-)

[skinny] 22/2/2024 07:22

pete160 - the joys of new technology (the app) - its always a compromise on full functionality - always has been.

[pete160] 22/2/2024 06:53

I meant the headers on this app, not on the mng website.

[septimus quaid] 22/2/2024 00:33

Scroll down a bit:

[pete160] 21/2/2024 22:27

Thanks Skinny. I don't know whether it's my phone or perhaps my IT skills, but I don't see the headers when using the app version. (Also on the app, the newest posts are at the top whereas as the desktop version, the newest posts are at the bottom)

[skinny] 21/2/2024 19:26

That link is ALSO in the header - hope that helps.

[helen troy] 21/2/2024 19:25

Too true. Thanks Pete.