Equities

Our fund managers believe that the long-term success of companies is supported by effective investor stewardship and high standards of corporate governance.

We believe that if a company is run well, it is more likely to be successful in the long run. Regular meetings with company directors allow us to identify whether a company’s strategy is aligned with our interests as long-term shareholders.

Social and environmental issues can also have an important impact on a company's performance and successful development. We therefore look at how companies address these issues when we analyse them.

M&G's Corporate Finance and Stewardship team are advocates of responsible share ownership and oversee our stewardship of the companies we invest in. Active voting is an integral part of our investment approach which is why we believe exercising our votes adds value and protects our interests as shareholders.

Our approach

M&G’s investment teams incorporate environmental, social and governance (ESG) considerations into their decision-making and active ownership practices. This approach is strongly aligned with M&G’s long-standing principles as an active, fundamentals-focused investor.

M&G has been a signatory to the United Nations Principles for Responsible Investment (UNPRI) since January 2013, and strongly supports the practices and standards promoted by the FRC Stewardship Code and the UK Corporate Governance Code. We therefore seek to apply these principles consistently across our global equities investments.

M&G Equities has recently signed up to the services of two leading providers of ESG-focused information and analysis in order to support our investment teams with further company-specific and industry-focused analysis. These providers include:

  • MSCI ESG Research - provide our teams ESG information, analysis and screening across global companies
  • ISS-Ethix - supply analysis based on a companies’ performance against the principles of the UN Global Compact; an initiative which promotes good corporate practice in the areas of human rights, labour rights, bribery & corruption and the environment

Together, with other sources of ESG information such as company reporting, broker research and media reports, the analysis helps us to better understand the ESG risks and opportunities facing existing and potential investments. It also provides insights into how companies are managing those risks and creates a solid basis for our interactions with investee businesses on ESG issues.

Across M&G’s investment teams, we have initiated discussions with ‘flagged’ companies to assess their approach to relevant ESG issues, and to monitor how they are managing progress over time.

For more information contact us.

The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested ..

Case studies

 
 

Carnival

Read about our range of engagement activities with the world's largest leisure travel company

Find out more. Opens in a new window
 
 

Baidu

Discover how we helped the Chinese search engine reconsider the sale of an important subsidiary

Find out more. Opens in a new window
 
 

BP plc

One of M&G's largest holdings, find out how we've engaged with it on key executive remuneration and sustainability issues

Find out more. Opens in a new window
 
 

Methanex Corporation

M&G worked closely with Methanex to improve a variety of ESG factors including their capital allocation strategy

Find out more. Opens in a new window

UK Stewardship and Voting

Corporate Finance & Stewardship team

Rupert Krefting

Head of Corporate Finance and Stewardship

Rupert joined M&G in March 2016 as Head of Corporate Finance and Stewardship, after 22 years working in investment banking. Most recently Rupert worked at Numis, where he was a Director in its corporate broking and advisory business for 8 years. Prior to Numis, he also held senior roles at Investec and Panmure Gordon on the advisory side. Rupert graduated from Southampton University with an Honours Degree and qualified as a chartered accountant with Coopers & Lybrand. Rupert chairs M&G’s Responsible Investment Advisory Committee and represents M&G on the Investment Association Corporate Governance Committee, the Investor Forum and the All-Party Parliamentary Governance Group.

Simon Bailey

Director, Corporate Finance and Stewardship

Simon joined the Corporate Finance and Stewardship team in January 2016, with a particular focus on international companies, building on more than 15 years of experience as a fund manager and analyst. From 2011, Simon was deputy fund manager of the M&G Global Dividend Fund and previously managed the M&G Smaller Companies Fund for nearly a decade with top-quartile returns under his tenure. He joined Prudential in 1997 and became a member of the UK smaller companies team two years later, before joining M&G following Prudential’s acquisition of M&G in 1999. Prior to Prudential, Simon worked at a number of financial institutions in areas such as corporate finance and derivatives. He has an Honours Degree in Economics from Durham University and is a CFA charterholder.

Rosie Brydon

Director, Corporate Finance and Stewardship

Rosie joined M&G in 2003 and has been a member of the Corporate Finance and Stewardship team since 2014. Predominantly focused on UK listed companies covering a range of issues including corporate activity, corporate governance, stewardship, shareholder engagement and voting, and responsible investment. Rosie participates in the Investment Association Remuneration & Share Schemes Committee and the Intangible Reporting Working Group. Prior to joining M&G, Rosie worked for Deloitte and Arthur Andersen in both London and Chicago and has a BSc Degree in Biological Sciences from the University of Durham.

Ben Constable-Maxwell

Director, Corporate Finance and Stewardship

Ben joined M&G in 2003 as an Investment Specialist supporting the Global Equities team. He then moved to the Corporate Finance and Stewardship team in 2013, where he began focusing on corporate governance and ESG at international companies. Ben has been responsible for developing the incorporation of ESG in M&G’s investment processes and sits on M&G’s Responsible Investment Advisory Committee, which oversees Responsible Investment activities at M&G including the firm’s membership of the UNPRI. Ben graduated from the University of Newcastle-upon-Tyne with an Honours Degree in Classics before spending four years in the Equities team at Invesco Perpetual.

Matthew Beardmore-Gray

Director, Corporate Finance and Stewardship

Matthew joined Prudential in 1985 as a Pharmaceuticals Analyst and moved to the Corporate Finance Department in 1989. He then joined M&G following Prudential’s acquisition of M&G in 1999. Matthew’s main focus is UK-listed companies. Over the years, he has participated in a number of the Investment Association’s initiatives including, most recently, the Stewardship Reporting Working Group. Matthew has an Honours Degree in Physiology and Biochemistry from Southampton University and achieved a PHD (1982) in Microbial Bioenergetics.

Lee Kinsville

Corporate Finance Analyst

Lee joined the Corporate Finance and Stewardship team at M&G in 2003. Initially focusing on UK share ownership issues and proxy voting, his role now has a global perspective. Lee was formerly a Portfolio Manager at Brewin Dolphin where he attained membership of the Securities Institute through completion of the Securities Institute Diploma examinations. He has also worked as a Research Analyst at the UK corporate governance consultancy: Pensions Investment Research Consultants. Lee graduated from Anglia Ruskin University with B.A. (Hons) in Business Studies.