M&G launches Positive Impact equity fund

M&G has launched a fund investing in sustainable companies globally that are deemed to have a positive societal and environmental impact while providing attractive returns for shareholders.

The new mandate will be managed by John William Olsen, manager of the Global Select and Pan European Select funds, and the group's head of sustainable and impact investing, Ben Constable-Maxwell. With a concentrated portfolio of up to 40 names, the fund will aim to outperform the MSCI All Countries World index over any five-year period by investing in companies whose aim is to address a societal or environmental challenge. M&G said in this context, the traditional definition of the word 'impact' has expanded from the impact the investment would have on a business to the impact it woul...