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Past performance is not a guide to future performance. The views expressed should not be taken as a recommendation, advice or forecast.
For Investment Professionals, Institutional Investors and Professional investors only. Not for onward distribution. No other persons should rely on any information contained within.
This information is not an offer or solicitation of an offer for the purchase of shares in any of M&G’s funds.
Distribution of this document in or from Switzerland is not permissible with the exception of the distribution to Qualified Investors according to the Swiss Collective Investment Schemes Act, the Swiss Collective Investment Schemes Ordinance and the respective Circular issued by the Swiss supervisory authority ("Qualified Investors"). Supplied for the use by the initial recipient (provided it is a Qualified Investor) only.
For Australia only: M&G Investment Management Limited (MAGIM) and M&G Alternatives Investment Management Limited (MAGAIM) have received notification from the Australian Securities & Investments Commission that they can rely on the ASIC Class Order [CO 03/1099] exemption and are therefore permitted to market their investment strategies (including the offering and provision of discretionary investment management services) to wholesale clients in Australia without the requirement to hold an Australian financial services licence under the Corporations Act 2001 (Cth). MAGIM and MAGAIM are authorised and regulated by the Financial Conduct Authority under laws of the United Kingdom, which differ from Australian laws.
For Hong Kong only: M&G Investments does not provide any asset management service in Hong Kong. This document is general in nature and is for information purposes only. It is not a solicitation, offer or recommendation of any security, investment management or advisory service. Information included in this document should not be used or relied upon the public of Hong Kong or any other type of investor from any other jurisdiction. If you have any questions about this financial promotion please contact M&G Investments (Hong Kong) Limited.
For Singapore only: All forms of investments carry risks. Such investments may not be suitable for everyone. The information contained herein is provided for information purposes only and does not constitute an offer of, or solicitation for, a purchase or sale of any investment product or class of investment products, and should not be relied upon as financial advice. This document have not been reviewed by any regulatory authority in Hong Kong or Singapore.
For Taiwan only: The information contained herein has not been reviewed or approved by the competent authorities and is not subject to any filing or reporting requirement. Nothing herein shall constitute an offer to sell or provide, or recommendation of, any financial products or services.
For the Republic of Korea only: For Qualified Professional Investors only. Neither the Fund mentioned herein nor M&G Luxembourg S.A. is making any representation with respect to the eligibility of any recipients of this document to acquire the interests therein under the laws of Korea, including but without limitation the Foreign Exchange Transaction Act and Regulations thereunder. The interests have not been registered under the Financial Investment Services and Capital Markets Act for public offering and none of the interests may be offered, sold or delivered, or offered or sold to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except pursuant to applicable laws and regulations of Korea.
For Japan only : M&G Investments Japan Co., Ltd.
Investment Management Business Operator, Investment Advisory and Agency Business Operator, Type II Financial Instruments Business Operator
Director-General of the Kanto Local Finance Bureau (Kinsho) No. 2942
Membership to Associations: Japan Investment Advisers Association, Type II Financial Instruments Firms Association
This document is provided to you for the purpose of providing information with respect to investment management by Company’s offshore group affiliates and neither provided for the purpose of solicitation of any securities nor intended for such solicitation of any securities.
Pursuant to such the registrations above, the Company may: (1) provide agency and intermediary services for clients to enter into a discretionary investment management agreement or investment advisory agreement with any of the Offshore Group Affiliates; (2) directly enter into a discretionary investment management agreement with clients; or (3) solicit clients for investment into offshore collective investment scheme(s) managed by the Offshore Group Affiliate. Please refer to materials separately provided to you for specific risks and any fees relating to the discretionary investment management agreement and the investment into the offshore collective investment scheme(s). The Company will not charge any fees to clients with respect to ‘(1) and ‘(3) above.
For the United States of America and Latam: The views expressed represent the opinions of M&G Investments which are subject to change and are not intended as investment advice or a forecast or guarantee of future results. Stated information is provided for informational purposes only. It is derived from proprietary and non-proprietary sources which have not been independently verified for accuracy or completeness. While M&G Investments believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and management’s view as of the time of these statements. Accordingly, such statements are inherently speculative as they are based on assumptions which may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements.
In the UK , this Financial Promotion is issued by M&G Securities Limited which is authorised and regulated by the Financial Conduct Authority in the UK and provides investment products. The company’s registered office is 10 Fenchurch Avenue, London EC3M 5AG. Registered in England and Wales. Registered Number 90776. In Hong Kong, this financial promotion is issued by M&G Investments (Hong Kong) Limited. Office: Unit 1002, LHT Tower, 31 Queen’s Road Central, Hong Kong; in Singapore by M&G Investments (Singapore) Pte. Ltd. (Co. Reg. No. 201131425R), regulated by the Monetary Authority of Singapore; elsewhere by M&G Luxembourg S.A. Registered Office: 16, boulevard Royal, L‑2449, Luxembourg.