M&G to merge £425m fund into £2bn global thematic equity fund

British asset management company M&G Investments is to merge the M&G Global Leaders Fund into the M&G Global Themes Fund following a review after the resignation of portfolio manager Aled Smith was announced last November.

The proposed merger, subject to approval from shareholders of the M&G Global Leaders Fund (£425.7m of AUM as of end February 2018), has been approved by the regulator and is expected to occur on 25 May 2018.

The M&G Global Themes fund, which had £2bn (€2.27bn) of AUM as of 28 February 2018, will continue to be managed by Jamie Horvat.

Its investment process will remain the same and it will continue to be managed in line with its current investment objective and policy. The M&G Global Themes fund was revamped last year “to take full advantage of a wide range of themes developing in an ever-evolving global economy.”

Graham Mason, CIO for M&G equity, multi-asset and retail fixed interest, said: “Jamie has done an excellent job since he began managing the M&G Global Themes Fund and the recent changes enable him to fully capture current and future trends. Our intention through this merger is for our customers currently invested in the M&G Global Leaders Fund to be able to benefit from his skills and expertise.”

M&G managed £298bn of assets as of end December 2017.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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