M&G unveils Global Dividend fund

The fund aims to benefit from the increasing number of companies globally which offer strong share price performance, strong dividend growth and attractive dividend yields. To be managed by Stuart Rhodes, deputy manager of the M&G American fund, the vehicle has a total return mandate providing income and capital growth targeting outperformance of both the FTSE World Index and other global equity income funds. Rhodes, who will utilise the capabilities and expertise of M&G's Global Equity team, will adopt a bottom-up approach to stock selection, holding a portfolio of around 40 to 60 st...