M&G (Lux) Global Select Fund

ISIN
LU1670715207

Price (21.08.2019)
29.75

% Price Change
-0.68

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 that of the global stockmarket over any five-year period.

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 that are domiciled in any country, including emerging markets*. The fund usually holds shares in fewer than 40 companies. Companies that are assessed to be in breach of the United Nations Global Compact principles on human rights, labour, environment and anti-corruption are excluded from the investment universe. Industries such as tobacco and controversial weapons are also excluded.

Other investment: The fund also holds cash or assets that can be turned quickly into cash.

* Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World Bank’s definition of developing economies, as updated from time to time.

Strategy in brief: The investment manager invests in the shares of companies with sustainable business models, where short-term issues have created attractive buying opportunities. The investment manager believes that this approach offers a powerful combination of the long-term, compounding growth that quality businesses can deliver, along with the potential boost to a company’s share price when a short-term issue has been resolved. Sustainability considerations are fully integrated into the investment process.

Performance comparator: The fund is actively managed. The MSCI World Index is a point of reference against which the performance of the fund may be measured.

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.

Performance

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. The level of any income earned by the fund will fluctuate. Past performance is not a guide to future performance. The performance data does not take account of the commissions and costs incurred on the issue and redemption of units.

On 30 September 2008, 01 January 2012 and 01 January 2016, the fund’s performance comparative index changed.

Past performance shown from the date selected to 29 September 2008 is the FTSE World Index Ex UK Index. Past performance shown from the 30 September 2008 to 31 December 2011 is the FTSE World Index. Past performance shown from 01 January 2012 to 31 December 2015 is the MSCI All Country World Index. Past performance shown from 01 January 2016 is the MSCI World Index.


Source: Price: State Street. Performance: Morningstar. For non-Sterling share classes for fixed income and global convertibles funds, performance figures are shown on a price to price with gross income reinvested basis*. For equities and multi-asset funds, performance figures are shown on a price to price with net income reinvested basis. For Sterling share classes performance figures are on a price to price with net income reinvested basis. Performance figures may not reflect all relevant charges.

Fund Team

John William Olsen

John William Olsen - Fund manager

John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Select Fund and M&G Pan European Select Fund in July 2014. He was later appointed deputy manager of the M&G Pan European Select Smaller Companies Fund in July 2016. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. 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
Mike Oliveros

Michael Oliveros - Deputy Manager

Michael Oliveros was appointed manager of the M&G Pan European Select Smaller Companies Fund in January 2016, having co-managed the fund since July 2015. He is also deputy manager of the M&G Global Select Fund, M&G (Lux) Global Select Fund, M&G Pan European Select Fund and M&G (Lux) Pan European Select Fund. Michael joined M&G in June 2011 as an analyst on the Leaders team, becoming deputy manager of the Global Leaders Fund in January 2013, a position he held until April 2016. Michael previously worked at Credit Suisse for six years, three of these as the market strategist and head of custom solutions in the HOLT group. Prior to Credit Suisse, he worked as an investment banking associate at Valuemetrics Advisors and as a management consultant at SCA Consulting. Michael graduated from the University of Illinois at Urbana-Champaign in 1998 with a BS in finance, minoring in technology and management. He is a CFA charterholder.

 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

Ratings

Rating is at a share class level

3 Star Rating

Ratings as at 31/01/2019. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

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