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 Gi...
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