x M&G (Lux) Positive Impact Fund

M&G (Lux) Positive Impact Fund

ISIN
LU1854107221

Price (05.05.2020)
10.89

% Price Change
1.06

Objective and investment policy

Objective

The fund aims to:
- provide a combination of capital growth and income to deliver a return that is higher than the global stockmarket over any five-year period; and
- invest in companies that have a positive impact on society through addressing the world’s major social and/or environmental challenges.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in the shares of companies, across any sector and of any size, from anywhere in the world , including emerging markets. The fund is concentrated and usually holds shares in fewer than 40 companies.

Companies are assessed on their investment credentials and ability to deliver positive social and/or environmental impact, based on M&G’s impact assessment methodology. Companies that are deemed to be in breach of the United Nations Global Compact principles and/or involved in industries such as tobacco, controversial weapons or nuclear power or coal-fired power are excluded from the investment universe.

Other investments: The fund may invest in other funds (including funds managed by M&G) and cash or assets that can be turned into cash quickly.

Derivatives: The fund may use derivatives to reduce the risks and costs of managing the fund.

Strategy in brief: The fund invests over the long term in companies that make a positive social and/or environmental impact alongside a financial return.

Sustainability and impact considerations are fundamental in the stock selection process. The fund embraces the United Nations Sustainable Development Goals framework and invests in companies focused on areas including climate action, pollution reduction, education and working conditions.

Benchmark: MSCI ACWI Net Return Index

The benchmark is a comparator against which the fund’s performance can be measured. It is a net return index which includes dividends after the deduction of withholding taxes. The index has been chosen as the fund’s benchmark as it best reflects the scope of the fund’s investment policy. The benchmark is used solely to measure the fund’s performance and does not constrain the fund's portfolio construction.

The fund is actively managed.The fund has complete freedom in choosing which investments to buy, hold and sell in the fund. The fund’s holdings may deviate significantly from the benchmark’s constituents.

For unhedged and currency hedged share classes, the benchmark is shown in the share class currency.

You can find more information about the objective and investment policy of the fund in the Prospectus.

Risks associated with the fund

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

The fund holds a small number of investments, and therefore a fall in the value of a single investment may have a greater impact than if it held a larger number of investments.

Investing in emerging markets involves a greater risk of loss due to greater political, tax, economic, foreign exchange, liquidity and regulatory risks, among other factors. There may be difficulties in buying, selling, safekeeping or valuing investments in such countries.

In exceptional circumstances where assets cannot be fairly valued, or have to be sold at a large discount to raise cash, we may temporarily suspend the fund in the best interest of all investors.

The fund could lose money if a counterparty with which it does business becomes unwilling or unable to repay money owed to the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

Other information

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.


The performance webpage for this fund is currently being reconfigured. In the interim, for performance information, please refer to the latest Fund Factsheet which can be found in the Literature section.

Fund Team

John William Olsen

John William Olsen - Fund manager

John William Olsen, a Danish national, has been the manager of the M&G Positive Impact strategy since launch in November 2018. He joined M&G in April 2014 and was appointed manager of the M&G Global Select and M&G Pan European Select strategies in July 2014 and, two years later, deputy manager of the M&G Pan European Select Smaller Companies strategy. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking, Global Select and European Select strategies. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.

 Team member biography

Veronique Chapplow - Investment specialist

Véronique Chapplow is Investment Specialist for M&G’s Select Franchise. Prior to joining M&G, Véronique worked as product specialist at Zadig Asset Management for two years and Deutsche Bank for six years, servicing institutional equity clients specialised in the insurance sector. Before this, she worked at GAM, initially in the capacity of equity analyst before becoming deputy fund manager of GAM’s European Equity Funds. Véronique started her career at NatWest Securities as equity analyst covering the oil and gas sector. She is an Associate member of the Institute of Management and Research, the precursor of the CFA Institute. Véronique graduated from French business school EPSCI and obtained an MBA from Heriot Watt University.

 Team member biography

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Specifically, the information on these pages should not be used or relied upon by the public of Singapore or any other type of investor from any other jurisdiction.
The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.