M&G Investments

M&G Investments
Subsidiary
Industry Financial services
Founded 1931 (1931)
Key people
 CEO: John Foley
Products Financial services
Revenue £455 million (2008)
£228 million (2008)
Total assets £351 billion (2018)
Parent Prudential plc
Website www.mandg.co.uk

M&G is an investment manager in the UK and overseas. The current chief investment officer of M&G Investments is Graham Mason. 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] It held the shares of 24 leading companies in a fixed portfolio that was not changed for the fixed lifespan of 20 years. The trust was relaunched as the M&G General Trust and later renamed as the Blue Chip Fund [4]

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

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.[5]

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.[6][7][8]

In August 2017, the Prudential UK and Europe business (the parent company of M&G) announced it will merge with M&G in order to create a new entity. The division will be called M&G Prudential, which the firm described as a savings and investments business focused on meeting growing customer demand for comprehensive financial solutions. The business will control some £332 billion in assets with over six million customers.[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". ThisIsMoney. Archived from the original on 19 August 2014. Retrieved 8 March 2017.
  3. ↑ "Notes & Comments, The Fixed Trust:". The Glasgow Herald. 23 April 1931. p. 12. Retrieved 8 March 2017.
  4. ↑ "M&G Investments. History". mandg.com. Retrieved 12 October 2017.
  5. ↑ "M&G online service to undercut fund supermarkets". FundsandShares.co.uk. Archived from the original on 16 August 2016. Retrieved 9 July 2016.
  6. ↑ Sarah Jones (5 July 2016). "U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat". Bloomberg.com. Retrieved 9 July 2016.
  7. ↑ Lazarus, Darren (5 July 2016). "Third U.K. Property Fund Halts Withdrawals Amid Brexit Market Turmoil". WSJ.com. Retrieved 9 July 2016.
  8. ↑ "A $6 billion UK property fund stopped people withdrawing money after investors all rushed for the exit". Business Insider. Retrieved 9 July 2016.
  9. ↑ http://citywire.co.uk/wealth-manager/news/mandg-and-prudential-investment-arms-to-merge/a1041048
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