Wrappers / Structures

M&G adds UCITS for Episode macro strategy

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M&G - the investment management subsidiary of UK insurance giant Prudential - is rolling out a UCITS III version of its long-running Episode global macro strategy, which has been managed successfully for the big Prudential life fund for the past 10 years.

The new M&G Macro Episode Fund - which has been seeded with £50 million from the Prudential - aims to offer institutions and sophisticated investors higher total returns than global equities over the medium to long term, but with lower volatility. The minimum investment in the fund is £1 million.

The fund combines M&G's traditional long-term