M&G today announces that that Alex Araujo has been appointed as the new fund manager of the £2.1 billion M&G Global Themes Fund, with immediate effect. Incumbent manager Jamie Horvat will be leaving M&G.
Araujo brings a new approach to the M&G Global Themes Fund, investing in the four structural trends of demographics, environment, infrastructure and innovation, with ESG integrated into his investment process. There will be no change to the objective or the policy of the Fund, which aims to achieve a higher total return than that of the MSCI ACWI Index over any five-year period.
Araujo will continue to manage the £26.6 million M&G Global Listed Infrastructure Fund, which he successfully launched in October 2017. Stuart Rhodes, manager of the M&G Global Dividend Fund, with whom Araujo has worked closely since joining M&G in 2015, will also become deputy fund manager of the M&G Global Themes Fund.
Anton Oliver, Head of Equities, M&G says:
“As the new manager of the M&G Global Themes Fund, I am confident that Alex will bring the same energy, passion and insight to his work as he has to the M&G Global Listed Infrastructure Fund, helping deliver long term total returns for customers invested in the Fund.”
“While we have decided to take the management of this portfolio in a different direction, I would like to thank Jamie for his hard work and contribution on behalf of our customers over the last five years at M&G, and wish him all the best for the future.”