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Our macro and multi-asset strategies

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For further information about our multi-asset investment opportunities.

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Our ‘Episode’ philosophy and process is implemented through a range of multi-asset strategies. Each strategy is managed to meet specific risk and return objectives, as outlined below.

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.

There is no guarantee the objective will be achieved.

M&G Episode Allocation strategy

Fund managers: Tony Finding and Juan Nevado
Deputy: Stuart Canning and 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 two-thirds the volatility of equities on average
  • maintains an even balance between 'risky' and 'safe' assets in neutral market conditions
  • has a high degree of flexibility to vary that balance swiftly and meaningfully as markets change

M&G Episode Growth strategy

Fund managers: Eric Lonergan and Craig Simpson
Deputy: Craig Moran and Alex Houlding

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

  • seeks to generate equity-like returns but with less volatility on average
  • 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
  • is an ambitious multi-asset fund but provides a more diversified approach than a pure equity fund to help manage risk

M&G Episode Income strategy

Fund manager: Steven Andrew
Deputy: Tony Finding

The objective of this strategy is 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 of 2-4% over any three-year period
  • produces income from a globally-diversified range of income generating assets and never draws income from capital

M&G Episode Macro strategy

Fund managers: Dave Fishwick and Eric Lonergan

The objective of this strategy is to deliver a total return (the combination of capital growth and income) of at least 4-8% per annum above the 3-month LIBOR over any five-year period, after charges are taken. It also: 

  • is our most flexible strategy which is not bound by any sense of neutrality or benchmark with regards to asset allocation, with neutral allocation 100% in cash
  • has the potential to generate positive returns whether markets go up or down as the fund managers can position the portfolio long or short of liquid assets anywhere in the world
  • multi-decade track-record; running the strategy across a range of investment environments

M&G Global Target Return Fund

Fund manager: Tristan Hanson
Deputy: Eric Lonergan and Craig Simpson

The objective of this strategy is to deliver 'absolute returns', which we define as specific, positive, targeted returns over a defined time period, up to a maximum of three years. It also has:

  • been designed with cautious investors in mind
  • a rigorous risk control framework applied, with a view to minimising volatility and drawdowns
  • Fund Managers who apply M&G's long-standing multi-asset investment approach. The strategy can be net long or net short of any asset class, which gives it the potential to perform in a variety of market conditions.

M&G Sustainable Multi Asset strategy

Fund manager: Maria Municchi
Deputy: Steven Andrew

The objective of this strategy is to deliver total returns (the combination of income and growth of capital) of 4-8% per annum over any five-year period, guided by a robust valuation framework and investing in assets that uphold high standards of ESG behaviour. The strategy:

  • employs a sustainable investment approach that looks to generate long-term returns
  • invests globally in equities, bonds and other asset types, selecting attractive securities that qualify against agreed ESG criteria
  • incorporates assets considered to have a positive impact, addressing the world’s major social and environmental challenges

For institutional investors only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website.