M&G's Smith seeking recovery stories across the globe

M&G Global Leaders fund has suffered in flight to quality of recent months, with numerous investors flocking to highly valued safer stocks

Aled Smith runs M&G's £1.16bn Global Leaders fund, searching for recovery story stocks from a global universe to generate income and capital growth. The manager's stock selection decisions focus on valuations, which means he can appear contrarian when the rest of the market favours certain areas. Can you summarise your investment philosophy? First, the challenge is to have a simple way of looking at the world but not to oversimplify because this is where you make errors. Our global equity team follows the same principle - you don't have to have a view on everything. Second, every ...