Marketing communication. For Investment Professionals only

M&G (Lux) Global Listed Infrastructure Fund

The quest for rising income from essential assets
Alex Araujo, Fund Manager

“Global listed infrastructure provides a compelling proposition for long-term investors looking to diversify. The asset class typically benefits from characteristics of higher dividend yield and lower volatility compared to global equities and our investment universe offers a wide array of attractive opportunities to invest in dividend growers.”

Reasons to consider investing in listed infrastructure

  • Potential for reliable and growing cashflows generated by critical physical infrastructure – long-term assets which are essential for the functioning of global society.
  • Listed infrastructure has typically offered characteristics of higher dividend yield and lower volatility compared to global equities, as well as exposure to inflation-linked revenue streams.
  • Listed infrastructure provides exposure to long-term structural growth trends including renewable energy, clean transport and digital connectivity.

Past performance is not a guide to future performance.

M&G's differentiated approach

  • At least 80% of the fund is invested in the shares of infrastructure companies and investment trusts of any size and from anywhere in the world, including emerging markets. The fund usually holds shares in fewer than 50 companies.
  • Investing beyond the traditional realm of economic infrastructure (utilities, energy and transport) and diversifying into social infrastructure (health, education and civic); growth opportunities in evolving infrastructure (communication, transactional and royalty).
  • The fund promotes environmental/social characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 51% of sustainable investments.
  • Sustainability considerations, encompassing environmental, social and governance (ESG) factors, are fully integrated into analysis and investment decisions.

Source: M&G, 2022. *Expected annual dividend increase, for illustrative purposes only

Why now?

  • In an environment of uncertainty, we believe listed infrastructure could provide reliable and sustainable long-term growth.
  • Companies are paying increasing attention to ESG in their efforts to become better businesses, both from a financial perspective as well as ensuring sustainability.
  • Fiscal expansion in the wake of COVID-19, including higher spending on infrastructure, may provide a favourable backdrop for the asset class.

Infrastructure assets – an essential part of your day

  • Assets on which we rely in our everyday lives – from the moment we wake up in the morning to the moment we fall asleep at night.
  • Both traditional infrastructure assets and assets that support the increasingly digital world that we live in.
  • Opportunities across geographies, including emerging markets.

Fund facts

30 Nov 2022 €3.040,20 million
Fund launch date 5 October 2017
Benchmark* MSCI ACWI Net Return Index
Sector Morningstar Sector Equity Infrastructure
EUR A share class
ISIN (Acc) LU1665237704
ISIN (Dist) LU1665237613
Initial charge Max. 4,00%
AMC 1,75%
Ongoing charge** Acc 1,95%
Ongoing charge** Dist 1,95%
SFDR classification
Article 8


Source of fund facts: M&G as at 30.11.2022.

*The benchmark is a comparator used solely to measure the fund’s performance and does not constrain portfolio construction. The benchmark has been chosen as it best reflects the scope of the fund’s investment policy. The fund is actively managed. The investment manager has complete freedom in choosing which investments to buy, hold and sell in the fund. The fund’s holdings may deviate significantly from the benchmark’s constituents. The benchmark is not an ESG benchmark and is not consistent with the ESG Criteria and Sustainability Criteria.

**The ongoing charges figure is based on expenses as at 31.03.22.

This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decision.

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

The fund holds a small number of investments, and therefore a fall in the value of a single investment may have a greater impact than if it held a larger number of investments.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

Investing in emerging markets involves a greater risk of loss due to greater political, tax, economic, foreign exchange, liquidity and regulatory risks, among other factors. There may be difficulties in buying, selling, safekeeping or valuing investments in such countries.

ESG information from third-party data providers may be incomplete, inaccurate or unavailable. There is a risk that the investment manager may incorrectly assess a security or issuer, resulting in the incorrect inclusion or exclusion of a security in the portfolio of the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

Investing in this fund means acquiring units or shares in a fund, and not in a given underlying asset such as a building or shares of a company, as these are only the underlying assets owned by the fund.

The views expressed in this document should not be taken as a recommendation, advice or forecast.

The fund’s sustainability-related disclosures can be found here

For an explanation of the terms used in this document, please refer to the glossary on our website here

For Investment Professionals only. Not for onward distribution. No other persons should rely on any information contained within.

The Instrument of Incorporation, Prospectus, Key Investor Information Document, annual or interim Investment Report and Financial Statements, are available in English, French or Dutch, free of charge from

Before subscribing investors should read the Prospectus, which include a description of the investment risks relating to these funds. Please read the KIID before making a decision to invest. The information contained herein is not a substitute for independent investment advice.

M&G Luxembourg S.A. may terminate arrangements for marketing under the new Cross-Border Distribution Directive denotification process.

Complaints handling information is available in English from :

This financial promotion is issued by M&G Luxembourg S.A. Registered Office: 16, boulevard Royal, L‑2449, Luxembourg.