The Fund is a multi-asset fund that invests at least 70% of its assets in other collective investment schemes in order to gain exposure to assets from anywhere in the world, including equities, fixed income, convertibles, cash, or near cash. The Fund may also invest directly in these assets. The Fund aims to deliver a higher total return net of the Ongoing Charge Figure, than that of a composite index comprising 85% global equities and 15% global bonds, over any five-year period. In aggregate, the Fund will invest at least 70% of its assets in equities, either directly or via collective investment schemes. The fund managers investment views are mainly implemented by investing in other funds. This will typically be via M&Gs own funds, but the Fund may also invest in funds managed by other companies where appropriate in order to best reflect the fund managers investment views. The fund manager has a flexible top-down approach to the allocation of capital between different types of assets in response to changes in economic conditions and asset values.
- United Kingdom