M&G Investments has launched a European ex-UK fund for UK retail investors in response to client demand as investors continue to shun the US in favour of cheaper European equities.
The OEIC, which launched on 10 April and currently has €6.8m (£5.7m) in assets under management, is run by Richard Halle, who is supported by deputy fund managers, Daniel White and Shane Kelly alongside M&G's wider global equity team. Investors cautiously turn to Europe as US credibility falters under Trump's tariffs M&G's latest launch replicates the Europe ex-UK strategy within the group's £128bn With Profits fund and is an actively managed value strategy aiming to provide investors with capital growth and income higher than the FTSE World Europe ex-UK Index over a five-year period...
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