Manager of the M&G Global Themes fund Alex Araujo has finalised a complete restructure of the £2.2bn portfolio, exiting more than half of the holdings since the start of the year in favour of a new crop of stocks.
Araujo was appointed as manager of the fund in January, following the departure of previous manager and director of global equities Jamie Horvat, with M&G signalling at the time that the portfolio would...
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Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow