Global Themes Fund

ISIN
GB00B1RXYV77

Price (15.02.2019)
14.25

% Price Change
-0.05

Objective and investment policy

Objective

The fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the MSCI All Country World Index over any five-year period.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in the shares of companies across any sector and of any size and from anywhere in the world, including emerging markets*.

Other investments:The fund may also invest indirectly via other funds, as well as hold cash and assets that can be turned quickly into cash.

Strategy in brief: The investment process involves the identification of ‘themes’ arising from changes within economies, industries and societies that happen over time and finding companies that can take advantage of them.

Themes are identified through the analysis of global macroeconomics, demographics, government policies and spending, and technological innovation, among other considerations. The fund manager then selects stocks that can benefit from these themes on the basis of the companies’ quality, growth prospects and valuation.

* Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World Bank’s definition of developing economies, as updated from time to time.

Risks associated with the fund

The value of investments and the income from them will rise and fall. This will cause the fund price, as well as any income paid by the fund, to fall as well as rise. There is no guarantee the fund will achieve its objective, and you may not get back the amount you originally invested.

Changes in currency exchange rates will affect the value of your investment.

Where market conditions make it hard to sell the fund’s investments at a fair price to meet customers’ sale requests, we may temporarily suspend dealing in the fund’s shares.

Some transactions the fund makes, such as placing cash on deposit, require the use of other financial institutions (for example, banks). If one of these institutions defaults on their obligations or becomes insolvent, the fund may incur a loss.

Other information

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

Performance

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. The level of any income earned by the fund will fluctuate. Past performance is not a guide to future performance. The performance data does not take account of the commissions and costs incurred on the issue and redemption of units.

The fund launched on 28 February 1973.

The fund re-launched on 17 November 2000. On this date the fund’s name, objective, performance comparative index and sector changed.

On 17 November 2017, the fund’s name, objective, policy, and performance comparative index changed.

Past performance shown in the graph and table to 16 November 2017 is the FTSE Global Basics Composite Index (comprising of all subsectors of the FTSE World Index except media, IT, telecommunications, financials and healthcare). Past performance shown from 17 November 2017 is the MSCI All Country World Index.

 

Source: Price: State Street. Performance: Morningstar. Performance figures are shown on a price to price with net income reinvested basis. Performance figures may not reflect all relevant charges.

News

Fund Team

Alex Araujo - Fund manager

Alex Araujo has been manager of the M&G Global Listed Infrastructure Fund and the Luxembourg-domiciled M&G (Lux) Global Listed Infrastructure Fund since they launched in October 2017, and was appointed manager of the M&G Global Themes Fund in January 2019. Alex initially joined M&G’s income team in July 2015 and became co-deputy manager of the M&G Global Dividend Fund in April 2016. Alex has 25 years of experience in financial markets, having previously worked at UBS and BMO Financial Group. He graduated from the University of Toronto with an MA in economics and is a CFA charterholder.

 Team member biography
Stuart Rhodes

Stuart Rhodes - Deputy Manager

Stuart Rhodes has been the manager of the M&G Global Dividend Fund since its launch in July 2008 and the manager of the Luxembourg-domiciled M&G (Lux) Global Dividend Fund since its launch in December 2018. He was appointed deputy manager of the M&G North American Dividend Fund in April 2015, of the M&G (Lux) North American Dividend Fund in November 2018 and of the M&G Global Themes Fund in January 2019. Stuart joined M&G in 2004 as a global equity analyst after graduating from Bath University with a degree in business administration. He is a CFA charterholder.

 Team member biography

Ratings

Rating is at a share class level

3 Star Rating

Ratings as at 31/12/2018. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

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The value of investments, and the income from them, will fluctuate. This will cause fund prices to fall as well as rise and you may not get back the original amount you invested. We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser. The views expressed on this web page should not be taken as a recommendation, advice or forecast.