M&G targets mis-priced Euro stocks with two new 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...