M&G proposes changes to M&G Global Basics Fund

M&G Investments, a leading international asset manager, is proposing changes to the M&G Global Basics Fund allowing the fund manager to take full advantage of a wide range of themes developing in an ever-evolving global economy.

The proposed changes, which will require shareholder approval, have been approved by the Financial Conduct Authority (FCA) and consist of:

A change to the investment policy allowing the fund to invest at least 80% of the portfolio in global equities with no restriction on sector, size or geography. The current policy requires the fund to invest at least 70% of the portfolio in basic industries*.
A change to the investment objective from long-term capital growth to a total return objective which better reflects the overall return of the fund combining the effect of capital growth and income received by the fund for its investors. The fund will aim for a higher total return than that of the MSCI All Country World Index over any five-year period.

In the event of a successful vote, the fund will also be renamed the M&G Global Themes Fund and will change its market comparator to the MSCI All Country World Index.

The Fund’s manager, Jamie Horvat, will combine top-down and bottom-up analysis, identifying themes arising from long-term structural shifts and trends such as demographics, technological innovation and the environment. He will seek well run companies able to benefit from those themes, which are trading on attractive valuations with good, sustainable growth prospects.

“Over recent years trends within the global economy have evolved so the removal of the restriction to invest mainly in basic industries will enable us to widen the themes in the fund. We are keen to capitalise on sectors and industries that benefit from increased demand for healthcare and medicines to support ageing populations, water and waste management, clean energy and cyber-security.”

Jamie Horvat,
Fund Manager

Download a PDF of the release

If you require any further information, please contact

Irene Chambers

Asset Management Media Relations Lead

+44 (0)782 5696815

irene.chambers@mandg.co.uk

Lena Interthal

Media Relations

+49 (0)69 1338 6725

Lena.interthal@mandg.com

Notes to Editors

OpenAbout Jamie Horvat

Jamie has over 18 years’ investment management experience across a variety of mandates covering the broader equity market by sector and market cap as well as the resources and precious metals sectors while at Canadian asset managers, Sprott Asset Management and AGF Management.

Jamie is lead manager of the M&G Global Basics Fund. He has also been managing an equity portfolio for an institutional client since joining M&G in December 2013. He holds a diploma in Mechanical Engineering Technology from Mohawk College, an Honours B Comm (Finance) from McMaster University in Canada and an MSc in Finance from the London School of Economics.

OpenAbout M&G

M&G is a leading international asset manager with a long-term, active approach to investing. The firm has been helping people to prosper by putting their money to work for more than 85 years. M&G’s customers include private investors, members of pension schemes and life insurance policyholders. Responding to the ever changing financial landscape, the firm has developed a wide range of investment solutions, across equities, fixed income, real estate, multi asset and infrastructure. At 30 June 2017 M&G manages over £281.5 billion in assets for its customers.

Headquartered in London, M&G employs over 2,000 people worldwide in 16 countries, managing assets in Europe, Asia and the US. M&G is the asset management arm of Prudential Plc in the UK and Europe.

As a steward of clients’ assets M&G recognises the importance of responsible investing with the analysis of environmental, social and governance (ESG) factors core to the business. M&G is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Program, which is dedicated to achieving the long-term goal of building climate resilient economies. M&G’s £27 billion real estate business arm has a sector leading approach to responsible property management, and is committed to assessing and improving the sustainability performance of its funds.

‘Issued by M&G International Investments Limited (Registered office: Laurence Pountney Hill, London EC4R 0HH.) authorised and regulated by the Financial Conduct Authority and registered with the CNMV in Spain under the number 79’

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イングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）の関連会社をお探しの場合は、こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構）に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。