M&G today announces that Rory Alexander has been appointed as fund manager of the £567.9 million M&G UK Select Fund, with immediate effect.
Rory has been co-deputy manager of the M&G UK Select Fund since January 2016, alongside his responsibilities as manager of the M&G Pooled Pensions UK Equity Growth Fund and deputy manager of the M&G Smaller Companies Fund.
The aim of the Fund, which is to provide a combination of capital growth and income that is higher than the FTSE All-Share Index over any five-year period, remains the same, as does the investment approach and management style.
Incumbent manager, Sam Ford, is leaving the business and relocating to Edinburgh for a new opportunity.
Anton Oliver, Head of Equities, M&G says:
“Through his management of the pooled pension fund in recent years, Rory has proven his ability as an astute investor for a fund that has a similar investment approach to the M&G UK Select Fund. This is an opportunity for us to promote a young talent, who I am confident will continue to provide excellent investment performance for our customers. We would like to thank Sam for his unfailing commitment to our customers over the last five years and wish him the very best for the future.