M&G to rename £2.1bn Global Basics fund and widen investment universe

More focus on global equities

Laura Dew
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M&G plans to amend the investment restrictions on its Global Basics fund
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M&G plans to amend the investment restrictions on its Global Basics fund

M&G has proposed to rename its £2.1bn Global Basics fund to Global Themes as it removes the restriction to invest the majority of the fund in basic industries.

Currently, the fund, which was launched back in 1973, must invest at least 70% of its portfolio in basic industries, such as mining and manufacturing. M&G is now planning to change this, subject to...

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