London, 4 September 2017

Update on M&G’s plans to transfer assets of four funds for non-UK customers to Luxembourg

M&G Investments will now transfer the assets of four UK-domiciled open-ended funds to its Luxembourg platform in 2018 following extended consultations with clients.

The mergers, which are subject to shareholder approval, will be moved from the end of 2017 to the new year to minimise disruption for investors by ensuring there is sufficient time to prepare for these transfers.

The funds M&G is proposing to transfer are distributed exclusively outside the UK. These funds are: 

  • M&G Dynamic Allocation Fund
  • M&G Income Allocation Fund
  • M&G Prudent Allocation Fund
  • M&G European Inflation Linked Corporate Bond Fund

The Commission de Surveillance du Secteur Financier (CSSF) and the Financial Conduct Authority (FCA) have been informed of this decision. 

For more information, please refer to our contact page.