M&G has launched a global equity fund designed to offer investors access to firms which demonstrate gender and ethnic diversity, while seeking to deliver strong returns.
The M&G (Lux) Diversity and Inclusion fund is managed by Thembeka Stemela Dagbo, with support from John William Olsen, and will target a concentrated global equity portfolio of 30 to 40 stocks, aiming to outperform the MSCI ACWI over any five-year period. Global head of distribution Jonathan Willcocks to leave M&G after 17 years At least 15% of the portfolio will be invested in "impactful companies" that are providing solutions to improve social inclusion, and this portion of the fund will follow the same investment approach as M&G's positive impact and climate solution strategies. ...
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