M&G has moved to take advantage of currently undervalued European equities by launching two new offerings, the Special Situations and Strategic Value funds.
Rolled out in Europe over the past week, the M&G European Special Situations and M&G European Strategic Value OEICs can now be accessed by UK investors.
M&G says the Special Situations fund, run by the firm’s European fund manager Michael Stiasny, will invest in a diversified portfolio of companies presently mis-priced by the market.
Richard Halle will run the 60 to 100 stock Strategic Value fund, which M&G says will be aimed at “exploiting the market’s pessimism”.
“The new funds are a natural extension of the capabilities of the M&G European equities team,” M&G European equities head Giles Worthington says.
“We have three well-defined investment approaches – growth, change and value, all built on our expertise in analysing the corporate life cycle.”
In addition, M&G has also announced Jonathan Willcocks has been promoted to the newly created managing director of global sales position.
Willcocks will be responsible for growing the firm’s retail assets under management and distribution networks across both its UK and international markets.
* The M&G European Special Situations fund and the M&G European Strategic Value fund have a €1,000 minimum investment, with 4% initial charge and 1.75% annual management charge.
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