M&G Global Target Return Fund

Investment Objective

The fund aims to deliver combined income and capital growth of at least the cash rate plus 4% a year over any three-year period and in any market condition. The fund has a highly flexible investment approach, with the freedom to invest in different types of assets from anywhere in the world. The fund manager can allocate capital between asset classes in response to changing economic conditions and asset prices moving below their ‘fair’ value where investors react emotionally to events. The blend of assets held in the fund is regularly adjusted depending on where the manager sees the most value, and to manage risks in order to limit losses. The manager looks to manage risk by combining diversified and relatively uncorrelated assets (which are affected by market conditions in different ways) and by employing derivatives strategies to help protect or profit from falling markets. Where the manager believes it appropriate, the fund may hold a high level of cash.

Reference Index

3M GBP LIBOR

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2021 0.4 0.2 0.8 0.8 0.5 0.5 0.8 0.6 0.9 0.8 0.4 0.5 0.4
2020 0.7 0.9 0.2 0.4 0.9 0.7 0.0 0.2 0.4 0.6 0.9 0.5 0.7

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