M&G today announces that Dave Perrett has been appointed to manage the £161 million M&G Asian Fund and the €90 million M&G (Lux) Asian Fund*, with immediate effect.
The appointment of Perrett to manage the Asian equities strategy follows M&G’s recent creation of an Asia Pacific equity team, led by Perrett and Carl Vine. The seven-strong team, covering fund management and research, is highly experienced and specialises in Asian developed and developing markets.
Perrett will be supported by a team in London, Singapore and Hong Kong, and Vine will deputise on the strategy. As a result of this, the incumbent fund manager, Alastair Bruce, steps down and retains his fund management responsibilities in the Global Emerging Markets equity team. There is no change to the Fund’s aims, objective or policy.
Anton Oliver, head of equities at M&G, says: “With our recent significant investment in our Asian equities capabilities, it is only natural for us to harness the deep experience and skills Dave and team have to deliver the best outcome for our customers.
“I’d like to thank Alastair for this management of these funds and wish him continued success in generating excellent performance for our clients in the Global Emerging Markets team.”