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The M&G Treasury and Investment Office (T&IO) has great strength in depth with a team that includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management. They are the team behind the UK’s largest With-Profits Fund - and many other Prudential funds.
AUM
different asset types managed
Agreement to invest into the Catalyst mandate aimed at delivering positive societal impact
managed within the property portfolio
* Source Treasury and Investment Office (T&IO) 31st December 2022
T&IO are an independent investment team within M&G plc who are able to leverage the wider group resources, which includes M&G Investments, M&G Real Estate and M&G Alternatives. They also work extensively with external investment teams across the globe.
It is T&IO who are responsible for the strategic allocation of all our funds, in addition to full fund manager selection and oversight.
They are also responsible for ensuring the risk characteristics of each portfolio meet given objectives over time. Stock selection is then carried out by fund managers chosen for their expertise in specific asset classes.
T&IO is led by David King and is structured into defined investment teams with key positions held by:
Head of M&G Treasury and Investment Office
David leads the Treasury and Investment Office.
Director of Long-term Investment Strategy Team
Parit's team of 9 investment strategists work to align long-term investment strategy with client's aims and objectives.
Head of Investment Manager Oversight Team
Ciaran's team of 6 investment consultants provide insights into internal and external governance, and due diligence processes.
Head of Multi Asset Portfolio Management Team
Charles`s team of 7 portfolio managers are responsible for strategic and tactical asset allocation ** implementation alongside daily portfolio monitoring.
**The M&G Macro Investment Business are responsible for Tactical Asset Allocation (TAA) in PruFunds.
The Pru brand is one of the strongest, most recognisable and trusted in the UK.
T&IO manages around £152bn as at 31 December 2022 and creates SAA for over £100bn in multi-asset insurance portfolios primarily for UK retail investors. T&IO is a well-resourced team with expertise across SAA, TAA, manager selection and portfolio management.
The core focus of T&IO is asset allocation. All stock selection decisions are outsourced to high class internal and external managers.
T&IO has access to the expertise of other M&G plc investment companies, such as M&G Investments, M&G Alternatives and M&G Real Estate, and a global network of contacts at high quality external investment companies.
Investment teams are supported by experienced information, compliance and risk monitoring teams.
The Strategic asset allocation process developed by T&IO has been in place for nearly 20 years.
PruFund (over 18 years) range provide clear evidence of an approach that produces returns that meet investor expectations over long periods.
Fund ranges leverage off the resource and expertise of the T&IO Investment Manager Oversight team. M&G plc's scale provides access to all aspects of a fund manager's business. With more information, the team are better able to evaluate if what fund managers say is really what they do.
* T&IO Assets under management as at 31 December 2022.
** M&G Investment Management Ltd are the investment managers for the LF Prudential Risk Managed Active and Risk Managed Passive Funds. They make the relevant adjustments to the portfolios based on T&IO recommendations.
The investment philosophy is the cornerstone of all T&IO multi-asset portfolios although underlying portfolios and exposures will vary by fund structure, regulatory regime and region.
This content has been prepared by M&G Treasury and Investment Office (T&IO) and is prepared for information purposes only and does not contain or constitute investment advice. Information provided herein has been obtained from sources that T&IO believes to be reliable and accurate at the time of issue but no representation or warranty is made as to its fairness, accuracy, or completeness. The views expressed herein are subject to change without notice. Neither T&IO, nor any of its associates, nor any director, or employee accepts any liability for any loss arising directly or indirectly from any use of this document. The value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back less than the original amount invested and past performance information is not a guide to future performance.‘M&G Treasury & Investment Office (T&IO)’ includes the team formerly known as Prudential Portfolio Management Group (PPMG). Prudential Portfolio Management Group Limited, is registered in England and Wales, registered number 2448335.
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