M&G Cautious Multi Asset FundIf you’re unsure what economic predictions and stockmarket forecasts mean for your investments, it could be wise to choose an investment that’s already well diversified such as the M&G Cautious Multi Asset Fund. The fund is designed to deliver competitive returns across different market conditions, by identifying attractive investment themes and investing in a broad range of assets.
Why choose the M&G Cautious Multi Asset Fund?
How has the M&G Cautious Multi Asset Fund performed?
Fund manager George Tsinonis seeks to identify themes, asset classes, regions, sectors and investment styles that can help maximise the fund’s return. He has the ability to actively adjust the weightings of asset classes according to these themes (within regulatory guidelines) so that he has exposure to the best performing assets, while avoiding underperforming areas.
As well as being able to invest in equities, fixed interest and cash, George is able to invest in other asset classes such as commodities and commercial property. Although commercial property has suffered through the recent recession, it now appears much more attractive. George uses his expertise and experience, along with M&G’s extensive resources, to identify what he believes will be the best performing asset classes and invests accordingly.
The flexibility of the fund, which enables George to invest in a broad range of lowly correlated assets, can help to reduce the fund’s volatility and one of George’s key objectives is to ensure that the fund’s risk profile is suitable for the cautious investor.
The Fund’s objective is to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. Subject to this, the Fund aims to grow income in the long term. The Fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property via collective investment schemes and, with the exception of property, by investing directly in these assets. The Fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management. The Fund will invest no more than 60% of its portfolio in equities.
Products available: ISA, OEIC & Savings Plan
As a member of the multi-asset team, George Tsinonis manages the M&G Global Dynamic Allocation Fund, the M&G Cautious Multi Asset Fund and the M&G Managed Fund. He joined M&G in 2000 and headed the M&G Portfolio Strategy & Risk team between 2005 and 2009, when he formally joined the multi-asset team.
Prior to joining M&G, George worked at TRW Investment Management where he was responsible for all index equity funds and had sector-specific responsibilities on UK active funds. George graduated from the University of Johannesburg in South Africa with an economics and accounting degree. He obtained an honours degree in investment management and, subsequently, an MBA from the University of Birmingham.
In addition to the fund data that can be found by accessing the menu to the left of this page you may also wish to read the fund Key Features (3 MB) which contains further fund information.
| Single year performance (5 years ending July 2010) | |||||
| From
To | 31.07.09
30.07.10 | 31.07.08
31.07.09 | 31.07.07
31.07.08 | 31.07.06
31.07.07 | 29.07.05
31.07.06 |
| M&G Cautious Multi Asset Fund | +15.5% | +6.0% | -5.3% | N/A | N/A |
| IMA Cautious Managed Sector | +12.7% | -4.4% | -5.9% | +5.5% | +8.0% |
Please remember that you should not base decisions on past performance, prices may fluctuate and you may not get back your original investment. The fund has a varying risk profile as it is exposed to various asset types, each with their own risk profile. Overseas shares and bonds may be affected by currency exchange rates.
Source of all performance figures: Morningstar Inc., and M&G Statistics, bid to bid, net income reinvested, Sterling Class A Shares as at 30 July 2010.
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