Legal and General
M&G Global Leaders Fund
Aled Smith
Fund manager: Aled Smith
Products available: ISA, OEIC & Savings Plan
The objective of the fund is to maximise long term total return (the combination of income and growth of capital). The fund invests in a wide range of global equities issued by companies that the fund manager considers to be, or have the potential to be, leading in their field in terms of improving shareholder value.
The M&G Global Leaders Fund is a global equity fund with a clear investment strategy – to invest in companies which are undertaking positive internal changes that have not yet been recognised by the wider market. The fund manager follows a clearly defined active investment approach, consisting of systematic bespoke screening of the global equities universe followed by rigorous company specific fundamental analysis. He tends to avoid imposing top-down views on sector, country or currency selections but will take into account macroeconomic factors where they impact on a particular stock. There is no reference to a benchmark in the stock selection process. The key test is the fund manager’s conviction over each company’s prospects of long-term success. His judgement is based on two key factors: the company’s valuation and the ability of its management to deliver the appropriate corporate strategy. After making his selections, the fund manager employs a risk management process to ensure that the portfolio is properly diversified.
Aled Smith joined M&G in December 2000 as a global equity fund manager. He manages the M&G Global Leaders Fund and the M&G American Fund. Before joining M&G, Aled worked at JP Morgan Asset Management for eight years, four of these as a specialist senior analyst for the media sector. Prior to joining JP Morgan, he was an actuarial consultant for Coopers & Lybrand from 1989 to 1992. Aled graduated from Lincoln College, Oxford, in 1989 with a BA in mathematics. He is a CFA charterholder.
In addition to the fund data that can be found by accessing the menu to the left of this page, you can also access our Key Investor Information Document. We are required to produce the Key Investor Information Documents by law, to help your clients understand the nature and the risks of investing in a fund.
