M&G Investments, a leading international asset manager, will now transfer the assets of four UK-domiciled open-ended funds to its Luxembourg platform in 2018 following extended consultations with clients.
The mergers, which are subject to shareholder approval, will be moved from the end of 2017* to the new year to minimise disruption to our investors by ensuring there is sufficient time to prepare for these transfers.
The funds M&G is proposing to transfer are distributed exclusively outside the UK. These funds are:
- M&G Dynamic Allocation Fund
- M&G Income Allocation Fund
- M&G Prudent Allocation Fund
- M&G European Inflation Linked Corporate Bond Fund
The Commission de Surveillance du Secteur Financier (CSSF) and the Financial Conduct Authority (FCA) have been informed of this decision.
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Notes to Editors
M&G is a leading international asset manager with a long-term, active approach to investing. The firm has been helping people to prosper by putting their money to work for more than 85 years. M&G’s customers include private investors, members of pension schemes and life insurance policyholders. Responding to the ever-changing financial landscape, the firm has developed a wide range of investment solutions, across equities, fixed income, real estate, multi asset and infrastructure. At 30 June 2017, M&G manages over £281.5 billion in assets for its customers.
Headquartered in London, M&G employs over 2,000 people worldwide in 16 countries, managing assets in Europe, Asia and the US. M&G Investments is the investment arm of Prudential Plc in the UK and Europe.
As a steward of clients’ assets M&G recognises the importance of responsible investing with the analysis of environmental, social and governance (ESG) factors core to the business. M&G is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and is a member of the Climate Bonds Initiative Partners Program, which is dedicated to achieving the long-term goal of building climate resilient economies. M&G’s £27 billion real estate business arm has a sector leading approach to responsible property management, and is committed to assessing and improving the sustainability performance of its funds.
Issued by M&G Securities Limited which is authorised and regulated by the Financial Conduct Authority and provides investment products. The company’s registered office is Laurence Pountney Hill, London EC4R 0HH. Registered in England No. 90776.