M&G expands thematic offering with global equity AI fund launch

£20m initial investment

M&G has launched the M&G Global AI Themes fund in a bid to capitalise on the recent market disruption created by artificial intelligence.

Jeffrey Lin and Thomas Lee will co-manage the fund, which has launched with a £20m investment from M&G. M&G names Kathy Ryan chief sustainability officer The fund will invest in 50 to 70 companies, selected according to whether AI will be a potential driver for their long-term growth or profit margin expansion. M&G explained the fund will target investee companies in three categories: AI enablers - firms supplying the technology needed to create AI solutions; AI providers - companies offering AI solutions to clients; and AI beneficiaries - businesses that will use AI to improve the...