Asset managers had a poor 2022: the S&P Composite 1500 Asset Management Index was down 22% and, according to the Investment Company Institute (ICI), worldwide mutual funds fell by 20%, from $76tr to $60tr. When bond and equity markets fall, the results are unlikely to be pretty: with revenues trending down and multiples contracting, there is a double whammy to contend with. So how do valuations shape up now, after a bullish start to the new year? The first chart is my favourite chart of asset m...
The general evaluation of M&G PLC. (GB), a company active in the Asset Managers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 11, 2022, the closing price was GBp 220....
This is the first AGM after the demerger of M&G from Prudential plc and its listing on the London Stock Exchange since 21 October 2019. Items 2 and 3: Remuneration policy and report Prior to the demerger, M&G dramatically increased the CEOns salary (+23%) and the STI (from 180% to 250% of base salary). ECGS does not consider this increase appropriate to the companyns size and performance. Item 11: Re-appoint KPMG KPMG has been Prudential plcns external auditor since 1999 (21 year...
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