M&G has renamed its £565m International Growth fund and is changing to the mandate to introduce UK e...
M&G has renamed its £565m International Growth fund and is changing to the mandate to introduce UK exposure. The vehicle is now called Global Growth and continues to be managed by Greg Aldridge, who has run the portfolio since May 2007. He previously aimed for capital growth through equity holdings in a variety of world stock markets, but the UK was specifically excluded. Aldridge will not immediately refocus the portfolio but gradually move assets into the UK when opportunities arise. The group said: "We believe broadening the investment universe to include the UK, which makes up 1...
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