M&G Investments to merge equity fund

M&G is to merge the M&G Global Leaders Fund into the M&G Global Themes Fund following a review resulting from the current manager Aled Smith’s decision to step down*. The proposed merger, which will require approval from shareholders of the M&G Global Leaders Fund, has been approved by the regulator.

The M&G Global Themes Fund will continue to be managed by Jamie Horvat who has delivered strong performance since assuming management of the fund in December 2015**. M&G broadened the investment objective of the Fund last year, allowing the manager to take full advantage of a wider range of themes developing in a constantly evolving global economy. Subsequently, the two funds, which sit within the same sector, share many characteristics, including:

Objectives that aim to (maximise/deliver) income and capital growth over five years or more
The ability to invest in a wide range of companies from anywhere in the world
Similar diversification in terms of number of holdings and market capitalisation tiers
Similar risk characteristics
The same performance comparator – the MSCI ACWI Index

Graham Mason, CIO for M&G equity, multi-asset and retail fixed interest, says: “Jamie has done an excellent job since he began managing the M&G Global Themes Fund and the recent changes enable him to fully capture current and future trends. Our intention through this merger is for our customers currently invested in the M&G Global Leaders Fund to be able to benefit from his skills and expertise.”

M&G is writing to shareholders of the M&G Global Themes Fund to inform them of the merger with assurances that they will not be affected. The investment process of the M&G Global Themes Fund will remain the same and it will continue to be managed in accordance with its current investment objective and policy. In the event of a successful vote, the merger is expected to take place on Friday 25 May 2018.

Download a PDF of the release

If you require any further information, please contact

Notes to Editors

* M&G announced in November 2017 that Aled Smith had decided to step down as the manager of the M&G Global Leaders Fund
**The fund is a top quartile performer since 18 December 2015 when Jamie Horvat became the manager

The M&G Global Leaders Fund, managed by Aled Smith, has over £425 million in assets under management as at 28 February 2018
The M&G Global Themes Fund, managed by Jamie Horvat, has over £2 billion in assets under management as at 28 February 2018

OpenAbout Jamie Horvat

Jamie is lead manager of the M&G Global Themes Fund. Jamie commenced his investment career in 1999, having managed resources, generalist and alternative mandates while in North America. In addition, Jamie has managed various institutional mandates for clients based in Europe, Asia, the Middle East and North America. He holds a MSc Finance from the London School of Economics and Political Science, as well as an Honours B Comm from McMaster University and a diploma in Mechanical Engineering Technology from Mohawk College in Canada.

OpenAbout M&G Investments

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 31 December 2017 M&G manages over £298 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’

M&G Securities Limited: Terms and Conditions for downloading Photographic material

1. Introduction

Welcome to the myM&G campaign landing page (the "Website"). The Website is operated by M&G Securities Limited (“M&G”, “we”, “us” or “our”). By accessing or using the Website and downloading any photographs, images, graphics, or any other visual content available for download or stored on the Website or M&G’s content management system (the “Photos”), you (“You”) represent to have read, understand and agree to comply with and be bound by these Terms and Conditions (the "Terms"), forming a binding agreement between You and us. If You do not agree to these Terms, please do not use the Website.

2. Intellectual Property Rights

All Photos available on the Website are the property of M&G or its licensors and are protected by copyright, trade mark, and other intellectual property laws. Unauthorised use of any Photos or content is strictly prohibited.

3. Permitted Use

Subject to your compliance with these Terms, M&G grants You a limited, non-exclusive, non-transferable, and revocable licence to download and use the Photos available on the Website for any purpose, except for purposes which are defamatory, derogatory, related to pornography, otherwise indecent, or involve the creation or dissemination of AI-generated “deep fake images”. Photos can only be downloaded from the hidden URL provided in the press release.

4. Additional prohibitions

You agree that You will not:

(a) modify, alter, or create derivative works from the Photos;

(b) use the Photos in any manner that infringes on the intellectual property rights of M&G or any third party;

(d) share the hidden URL with any unauthorised third party.

5. Attribution

When using the Photos, You must provide appropriate credit to M&G by including a link to our Website or mentioning the source in a manner that is reasonable and customary.

6. Disclaimer of Warranties

The Photos on the Website are provided “as is” without any warranties of any kind, either express or implied. M&G does not warrant that the Photos will be error-free or that your access to the Photos will be uninterrupted.

7. Limitation of Liability

In no event shall M&G be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with the use of the Photos, even if M&G has been advised of the possibility of such damages. As the Photos are provided free of charge, M&G's total liability to You for any damages, losses, and causes of action shall not exceed the amount paid by You for accessing the Photos, which is nil.

8. Indemnification

You agree to indemnify and hold harmless M&G, its affiliates, and their respective officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with your use of the Photos.

9. Changes to these Terms

M&G reserves the right to modify these Terms at any time. Any changes will be effective immediately upon posting on the Website. If a "click to accept" mechanism is not implemented, You will be notified of changes to the terms via email or a prominent notice displayed on the Website. Your continued use of the Website after any changes constitutes your acceptance of the new Terms.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to its conflict of law principles. Any disputes arising out of or in connection with these Terms, including any questions regarding their existence, validity, or termination, shall be subject to the exclusive jurisdiction of the courts of England and Wales.

11. Contact Information

If you have any questions or concerns about these Terms, please contact us at lucy.riazi@mandg.com.

Reframing later life