M&G Investments

M&G Investments
Subsidiary
Industry Financial services
Founded 1931
Key people
 CEO
Products Financial services
Revenue £455 million (2008)
£228 million (2008)
Number of employees
 approx 1000 (2008)
Parent Prudential plc
Website www.mandg.co.uk

M&G is an investment manager in the UK and overseas. It is an autonomous business within the Prudential Group, running its own retail and institutional funds operation and functioning as the asset manager for Prudential in Europe. Currently M&G is the official sponsor of the RHS Chelsea Flower Show [1] M&G invests in and manages a wide range of assets including Equities, Fixed Income and Property. M&G also manages more esoteric assets within the private finance arena such as Structured Products (including CDOs), Leveraged Finance, Project and Infrastructure Finance.

History

Municipal & General Securities Company Limited launched the first ever UK unit trust in 1931, the First British Fixed Trust.[2][3][4] The fund was wound up in 1951.

In April 2012, they ran six of the top ten largest UK funds.[5]

In May 2016, it announced it was to launch a direct online investment service for retail investors to invest directly in its range of funds.[6]

In July 2016, M&G suspended redemptions on its £4.4 billion Property Portfolio fund following heavy withdrawals after the referendum on the UK's exit from the European Union.[7][8][9]

References

  1. ↑ "Brand and sponsorship - M&G Investments". Mandg.co.uk. 7 January 2016. Retrieved 9 July 2016.
  2. ↑ Thornhill, Jo (22 April 2001). "Happy Birthday unit trusts". This is Money. Retrieved 9 July 2016.
  3. ↑
  4. ↑
  5. ↑
  6. ↑ "M&G online service to undercut fund supermarkets". FundsandShares.co.uk. Retrieved 9 July 2016.
  7. ↑ Sarah Jones (5 July 2016). "U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat". Bloomberg.com. Retrieved 9 July 2016.
  8. ↑ Lazarus, Darren (5 July 2016). "Third U.K. Property Fund Halts Withdrawals Amid Brexit Market Turmoil". WSJ.com. Retrieved 9 July 2016.
  9. ↑ "A $6 billion UK property fund stopped people withdrawing money after investors all rushed for the exit". Business Insider. Retrieved 9 July 2016.
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