M&G Investments still stands tall among its fund management peers with substantial outperformance and inflows across its strategies this year, as the wider UK funds industry continues to report improved figures after a difficult 2009.

Two-thirds of M&G's retail funds outperformed their peers over the three years to the end of June, and 95% of its external institutional mandates were performing in line with, or above, their benchmarks, according to half-year results of its parent company Prudential. The figures refer to the number of outperforming funds and mandates, rather than the amount of assets in outperforming strategies, according to an M&G spokesman.