M&G Positive Impact Fund - Annual Impact Report 2022: Bright spots

We are heading into the fifth year of running the M&G Positive Impact Fund. The world has experienced extraordinary shifts in the global economy and markets in the past year, but also witnessed a health disaster and a terrible war on the borders of Europe, which has created serious societal and mindset-altering ripple effects. Expansive monetary policy during the COVID-19 pandemic, combined with supply chain and labour market bottlenecks, kickstarted an inflationary wave that was further boosted by rising commodity and energy prices. The human costs have been considerable, and the political agenda has shifted somewhat to prioritise national safety, energy security and the battle against inflation.