M&G unveils new PruFund Planet range of funds with £500m allocation from WithProfits Fund

PruFund Planet 1-5 funds seek to invest in high-impact solutions to the "world's most pressing ESG challenges" with the aim to deliver similar long-term growth to the existing PruFund range at the same cost-to-customer. The new range has been developed using an allocation of £500m from the £145bn With-Profits Fund and will combine M&G's asset allocation capabilities with proprietary and third-party investment managers in areas including impact bonds, healthcare and wellbeing, clean technology and systematic equity. PruFund Planet can invest across private and public markets, and all m...