M&G UK Select Fund: Q1 fund review and activity

15 min read 10 May 21

Summary: 

  • Since the Covid-19 vaccine discovery and subsequent rollout, the M&G UK Select Fund has faced stylistic headwinds as momentum shifted towards cyclical, value-oriented stocks. Despite this, the fund has kept touch with the market and remains well positioned, as Rory Alexander explains in the below update.
  • In a busy start to the year, four new holdings were added to the portfolio and four sold. Notably, Ceres Power was added as the company is the global leader in solid oxide fuel cells, a technology that turns hydrogen and other fuels into low or zero-carbon electricity. Between Ceres and ITM Power, which makes electrolysers that produce hydrogen, the fund has exposure to both ends of the hydrogen value chain in best-of-breed electrolyser and fuel cell technology.
  • Also notably, sales of Total and BP represented another step forward in our ongoing strategy to transition the portfolio toward high-quality sustainable growth companies.
  •  

To read this update in full, click here

By Rory Alexander

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

Related insights