Effective from 1 February 2023, the Investment Policy for M&G (Lux) Asian Fund (the “Fund”) has been amended to allow the Investment Manager to access China A Shares through the use of a Qualified Foreign Investor (“QFI”) licence. There has been no change to the maximum amount the Fund is permitted to invest in China A Shares nor to its Investment Strategy.
The fund could previously access mainland China A-Shares indirectly via Shanghai Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (the “Stock Connects”). The Stock Connects allow access to less than a third of Mainland China’s equity universe and their trading hours also differ from those of Mainland China’s exchanges, which further limits the Fund’s access to these exchanges.
The QFI status, which was granted to the Investment Manager by the China Securities Regulatory Commission, now allows the fund to invest directly in mainland Chinese exchanges, widening the fund’s investment universe, and allowing the fund manager to take advantage of investment opportunities in a more timely manner in accordance with the Fund’s Investment Policy.
Please refer to the new “Specific China QFI risks” section in the Fund’s Prospectus for further information.
The updated Investment Policy can be found in M&G (Lux) Investment Funds 1’s Prospectus which is available in this page’s “Key Documents” section.
Information on the methodologies used to assess, measure, and monitor the environmental or social characteristics promoted by the fund, including its data sources, screening criteria for the underlying assets and the relevant sustainability indicators used to measure the environmental or social characteristics, can be found in the ‘Sustainability-Related Disclosure’ document.
Further information on the ESG methodology, including data sources, screening criteria and the relevant sustainability indicators of the fund can be found in the ESG Criteria and Sustainability Criteria.
A description of ESG and responsible investment terms used is available in the fund’s Prospectus.
Information on how the environmental and social characteristics have been met can be found in the latest annual report.
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. Past performance is not a guide to future performance.