Investment Objective
The fund aims to deliver a total return (the combination of capital growth and income) of 4-8% a year above the 3-month LIBOR, over any five-year period. The M&G (Lux) Episode Macro Fund seeks to generate returns by identifying instances when asset prices have moved away from fundamental value, as a result of human emotion. This is based on a belief that these instances have a high likelihood of correcting over the medium term due to the short-term nature of behavioural influences.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.0 | 0.3 | 0.9 | 0.8 | 0.2 | 0.4 | 0.6 | 0.5 | 0.7 | 0.4 | 0.7 | 0.4 | 0.1 | |
| 2022 | 0.4 | 0.3 | 0.9 | 0.1 | 0.4 | 0.9 | 0.7 | 0.5 | 0.8 | 0.8 | 0.5 | 0.0 | 0.3 |
