M&G are to launch a Global Equity fund to be managed by David Williams who currently manages the Prudential Global Growth Trust and is deputy fund manager of the £7 billion M&G Recovery Fund .
The M&G International Specialist Equity Fund will have an initial charge of 4% and a annual management charge of 1.5%. A spokesperson for M&G said that "the merger of the Prudential Global growth trust with the M&G International Specialist Equity fund forms part of our integration strategy. although the fund will have the same manager and investment approach the M&G International Specialist Equity fund will have a more flexible investment mandate than the Prudential Global Growth trust which we believe offers investors the potential for superior long term returns".
The new fund will be allowed to use derivatives and up to 20% can be invested in fixed interest securities, collective schemes, money market instruments and cash.
See below for our Select Fund range of global growth funds:
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