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27 October 2025

M&G Investments launches strategy to capture opportunities across the global energy value chain

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2025

London, 27 October 2025 – M&G Investments today announces the launch of the M&G (Lux) Global Energy Opportunities Fund, an equity strategy designed to harness investment opportunities arising from increasing global demand for energy and the shift toward decarbonization.

The strategy will invest across the full energy landscape, offering diversified exposure to both traditional and clean sectors. With demand for energy growing, fuelled by AI data centres, industrial electrification, and rising consumption in emerging markets, the scale of the transition is unprecedented1. Yet energy-related sectors remain underrepresented in global indices relative to their earnings power, creating a compelling opportunity for active investors.

The Fund’s investment approach will focus on established companies, predominantly large cap, with a typical portfolio of 40–50 high-conviction holdings drawn from an investible universe defined across three categories:

  • Energy producers - companies focussing on delivering energy in various forms, such as oil and gas or power generation, including both renewable and conventional sources. This includes infrastructure businesses that transport energy to consumers, such as grid operators and pipeline companies.
  • Consumers & emitters - companies in industries where energy use is central to operations, such as steel, cement, plastics, and fertilizers.
  • Supply chain providers - companies supporting energy producers by supplying essential components, technologies and services, such as physical equipment to specialized services like engineering, design, and project facilitation.

Managed by Michael Rae, who brings 20 years of experience in global energy equity analysis, and supported by Alex Araujo as deputy—also Manager of the €1.3 billion2 M&G (Lux) Global Listed Infrastructure Strategy—the Fund aims to outperform the global stock market, represented by the MSCI ACWI Net Return Index over five years3 while applying ESG Criteria.

Classified under Article 8 of SFDR4, the Fund builds on M&G’s equities platform and complements existing strategies such as Global Listed Infrastructure and Global Paris Aligned.

Fabiana Fedeli, CIO Equities, Multi Asset and Sustainability at M&G Investments, comments: “Decarbonisation and the evolving energy landscape represent one of the most powerful investment themes of our time. As global energy demand continues to grow and shift, this transformation touches every part of the economy – from industrial automation and building efficiency to renewable fuels and grid infrastructure. This Fund acknowledges the complexity of real-world energy consumption patterns and seeks to capture long-term opportunities across the evolving energy system. The portfolio management team’s deep understanding of this sector, built over decades, supported by M&G’s strong research capabilities, adds a new dimension to our equities offering.”

Michael Rae, Fund Manager of the M&G Global Energy Opportunities Fund, adds: “The energy transition is not a straight line – it’s a complex, multi-decade transformation. Our strategy is designed to reflect that reality, investing in companies that are enabling, adapting to, or benefiting from the shift in how energy is produced, distributed and consumed. By taking a style-agnostic, high-conviction approach, we aim to uncover mispriced opportunities across sectors and geographies, while maintaining a balanced risk profile.”


Download a PDF of the release

Download a PDF of the release

Media enquiries

Camilla Mastellari

Media Relations

+39 346 1150787
camilla.mastellari@mandg.com

Marta Giovinazzo

Media Relations

+39 340 9970454
marta.giovinazzo@mandg.com

Notes to editors

1. With investment needs estimated at around 10% of global GDP annually for decades — totalling up to $400 trillion by 2050. Source: Halfway Between Kyoto and 2050 Report, Fraser Institute 2024.
2. As of 30 September 2025.
3. The Fund will be actively managed and benchmarked against the MSCI ACWI Net Return Index, with the Bloomberg Clean and Traditional Energy 50/50 Index acting as an additional benchmark for comparing Fund’s performance versus an energy-focused index .
4. The fund will promote Environmental/Social (E/S) characteristics and while it will not have as its objective a sustainable investment, it will have a minimum proportion of 20% of sustainable investments. The fund’s sustainability-related disclosures are available on the M&G website.


About Michael Rae
Michael Rae has 20 years’ experience as a global energy equity analyst. Michael joined M&G in 2019 and is part of the Global Equities team, where he has worked closely with the broader equities group on energy and climate-related investments. Prior to joining M&G, Michael worked at an independent equity research firm where he was a partner on the energy team. Michael also spent seven years in equity research at an investment bank covering the energy and chemicals sectors. He began his career by completing the graduate programme at a research consultancy, covering Alaska and Canada. Throughout his career Michael has built vast experience and knowledge in the area of renewable energy and climate solutions. Michael gained a BSc in Mathematics from the University of Edinburgh.
About Alex Araujo
Alex Araujo has 30 years’ experience in financial markets. He joined M&G’s Income team in 2015 and was named co-deputy fund manager of the M&G Global Dividend Fund in 2016. In 2017, Alex became manager of the M&G Global Listed Infrastructure Fund at its launch, and in 2019 he was appointed manager of the M&G Global Themes Fund. Prior to joining M&G, Alex worked at UBS and BMO Financial Group, building extensive expertise across global equities and thematic investing. He holds an MA in Economics from the University of Toronto and is a CFA Charterholder.
About M&G

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has €414 billion of assets under management (as of 30 June 2025). M&G plc has over 5 million customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members. For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate. 3 M&G recognises the importance of responsible investing, is a signatory (both as an asset manager and owner) to the UN Principles for Responsible Investment (PRI), and is targeting net zero emissions by 2050, across our investment portfolios and operations. M&G Investments is a signatory to the Net Zero Asset Manager's Initiative and has committed to work with clients to align investments with the goals of the Paris Agreement.

For more information, please visit: www.mandg.com


This information is intended for journalists and media professionals only. It should not be relied upon by private investors or advisers.

This information is not an offer or solicitation of an offer for the purchase of investment shares in one of the funds referred to herein. Purchases of a fund should be based on the current Prospectus. The Instrument of Incorporation, Prospectus, Key Information Document, annual or interim Investment Report and Financial Statements, are available free of charge in English or in your local language from the Luxembourg paying agent: Société Générale Bank & Trust SA, Centre operational 28-32, place de la Gare L 1616 Luxembourg.

Before subscribing investors should read the Key Information Document and the Prospectus, which includes a description of the investment risks relating to these funds.

M&G Luxembourg S.A. may terminate arrangements for marketing under the new Cross-Border Distribution Directive denotification process. Issued by M&G Luxembourg S.A. Registered Office: 16, boulevard Royal, L 2449, Luxembourg

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The information in this section of the site is intended for investment professionals only.

This section of the website is for the sole use of investment professionals. It should not be relied on by private investors and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.

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The information in this section of the site is intended for journalists and media professionals only.

This section of the website is for the sole use of journalists and media professionals. It should not be relied on by private investors or advisers and the information should not be construed as a financial promotion under the Financial Conduct Authority’s (FCA) Conduct of Business rules.
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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.
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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。
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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.