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Audience

Our macro and multi-asset funds

Our ‘Episode’ philosophy and process is implemented through a range of multi-asset funds. Each fund is managed to meet specific risk and return objectives, as outlined below.

M&G Episode Allocation Fund

Fund managers: Tony Finding and Juan Nevado
Deputy: Craig Moran

The objective of this fund is to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. Subject to this, the fund aims to grow income in the long term. It also: 

  • seeks to generate equity-like returns but with around two-thirds the volatility of equities on average
  • maintains an even balance between 'risky' and 'safe' assets in neutral market conditions
  • has a high degree of flexibility to vary that balance swiftly and meaningfully as markets change

M&G Episode Growth Fund

Fund managers: Eric Lonergan and Jenny Rodgers
Deputy: Craig Moran

The objective of this fund is to maximise total return (the combination of income and growth of capital). It also:

  • seeks to generate equity-like returns but with less volatility on average
  • is likely to have a higher equity exposure than other funds in the range, to enable it to capture the long-term growth that this asset class tends to provide
  • is an ambitious multi-asset fund but provides a more diversified approach than a pure equity fund to help manage risk

M&G Episode Income Fund

Fund manager: Steven Andrew
Deputy: Tony Finding

The objective of this fund is to generate a high and rising level of income over time through investment in a diversified range of assets. Subject to this, the strategy aims to provide capital growth over the long term. It also:  

  • has an estimated gross annual yield of 4%, distributed monthly, with capital growth of 2% to 4% pa and volatility between 4% and 10% pa over the long term†
  • produces income from a globally-diversified range of income generating assets and never draws income from capital
  • is careful not to overreach for income in very high yielding assets at the potential expense of capital growth

† The estimated annual yield is based on the gross income, before withholding tax, expected to be received from the underlying investments in the fund as a percentage of the current fund share price. The estimated annual yield is not guaranteed and may be revised in the future. The ongoing charge is taken from investments held in the fund’s portfolio and not from the income these investments produce. The potential capital growth is quoted net of charges and calculated over the long term. The potential volatility figures are calculated on a monthly basis over the long term. Please note, these figures are not guaranteed and may be revised in the future.

M&G Sustainable Multi Asset strategy

Fund managers: Maria Municchi

Deputy: Steven Andrew

The objective of this strategy is to deliver total returns (the combination of income and growth of capital) of 4-8% per annum over any five-year period, guided by a robust valuation framework and investing in assets that uphold high standards of ESG behaviour. The strategy:

  • employs a sustainable investment approach that looks to generate long-term returns
  • invests globally in equities, bonds and other asset types, selecting attractive securities that qualify against agreed ESG criteria
  • incorporates assets considered to have a positive impact, addressing the world’s major social and environmental challenges

M&G Episode Macro Fund

Fund managers: Dave Fishwick and Eric Lonergan

The objective of this fund is to deliver a total return (the combination of capital growth and income) of at least 4-8% per annum above the 3-month LIBOR over any five-year period, after charges are taken. It also: 

  • is our most flexible fund which is not bound by any sense of neutrality or benchmark with regards to asset allocation, with neutral allocation 100% in cash
  • has the potential to generate positive returns whether markets go up or down as the fund managers can position the portfolio long or short of liquid assets anywhere in the world
  • multi-decade track-record; running the strategy across a range of investment environments
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The information on this website is for Institutional Investors only. Specifically, the information on these pages should not be used or relied upon by the public of Hong Kong or any other type of investor from any other jurisdiction.