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Audience

Our macro and multi-asset investment strategies

The M&G Episode Multi Asset strategy range offers investors a set of five strategies, each with a particular blend of asset classes, while following our distinctive investment philosophy. Each strategy has its own unique portfolio construction, thereby offering a set of managed portfolios that can suit a range of investment needs.

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For further information about our multi-asset investment opportunities.

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The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested. Please be aware, your investment may increase or decrease as a result of currency fluctuations.

M&G Episode Allocation strategy

Fund managers: Tony Finding and Juan Nevado
Deputy: Craig Moran

The objective of this strategy 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 strategy aims to grow income in the long term. It also: 

  • Seeks to generate equity-like returns but with around half the volatility of equities on average
  • Uses the Episode investment process and has a high degree of flexibility to invest globally across all major asset classes. It can use currency as a source of returns
  • Has considerable flexibility to vary the amount held in equities, bonds, currencies and cash in response to market movements

M&G Episode Defensive strategy

Fund manager: Eric Lonergan
Deputy: Jenny Rodgers

This strategy aims to deliver a positive total return (the combination of income and growth of capital) over the medium term through an investment approach which seeks to manage risk. It also: 

  • Seeks to provide positive returns, while using derivatives strategies to limit volatility
  • Has the potential to generate positive returns whether markets go up or down
  • Uses the Episode investment process and has a high degree of flexibility
  • Is not bound by any sense of neutrality or benchmark, with neutral allocation 100% in cash
  • Allows investors to delegate all asset allocation decisions to the fund manager, who will position the portfolio long or short of liquid assets anywhere in the world depending on his macro views. It can use currency as a source of returns

M&G Episode Growth strategy

Fund managers: Eric Lonergan and Jenny Rodgers
Deputy: Craig Moran

This strategy's objective is to maximise total return (the combination of income and growth of capital). It also:

  • Seeks to generate better returns than equities but with less volatility on average
  • Uses the Episode investment process and has a high degree of flexibility to invest globally across all major asset classes. It can use currency as a source of returns
  • Has dynamic allocation – the strategies has flexibility to vary the amount it holds in equities, bonds, currencies and cash in response to market movements
  • Is likely to have a higher equity exposure than other strategies in the range, to enable it to capture the long-term growth that this asset class tends to provide

M&G Episode Income strategy

Fund manager: Steven Andrew
Deputy: Tony Finding

This strategy aims to generate a high and rising level of income over time through investment in a diversified range of assets. Subject to this, the strategy aims to provide capital growth over the long term. It also:  

  • Distributes monthly and seeks to provide an annual yield, on average, of around 4%†
  • Uses the Episode investment process and has the flexibility to invest globally across all major asset classes. It can use currency as a source of returns

The bulk of the portfolio is dedicated to core income generation but the fund manager may use up to 20% of the portfolio to implement high-conviction asset allocation views that will generate capital that may be reinvested for income. There is also the potential for capital growth over the long term.

† Based on historical yield calculation. Please note that this yield is not guaranteed and that this target yield may be revised in the future.

M&G Episode Macro strategy

Fund managers: Dave Fishwick and Eric Lonergan

This strategy aims to deliver a higher total return, with lower volatility on average, than global equities over the medium to long term. It also: 

  • Has the potential to generate positive returns whether markets go up or down
  • Is not bound by any sense of neutrality or benchmark, with neutral allocation 100% in cash 
  • Is our most flexible strategy which allows investors to delegate all asset allocation decisions to the fund managers, who will position the portfolio long or short of liquid assets anywhere in the world depending on their macro views. It can use currency as a source of returns
  • Uses the Episode investment process and is extremely agile
  • Has fund managers with a proven track record of managing risk in the strategy during periods of extreme market turmoil

Need further information?

  • Macro and multi-asset investment business enquiries

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