Investing offshore with Prudential gives you access to the award-winning M&G Recovery Fund and the security of investing with the “Global Group of the Year”.
M&G Investments Ltd, the majority shareholder in Prudential Portfolio Managers South Africa, recently won the prestigious Global Group of the Year award at the annual Investment Week Fund Manager of the Year awards. The awards were presented at a prestigious event hosted at the Royal Albert Hall in London in July 2010.
M&G Investments Ltd (“M&G Investments”) is one of the oldest and largest investment managers in Europe and is a wholly-owned subsidiary of Prudential Plc - the London listed insurance and financial services group. M&G Investments is Prudential’s UK and European fund management business and has £149 billion of assets under management (at 30 June 2009). Through its relationship with M&G Investments and the Prudential Plc Group, Prudential Portfolio Managers South Africa provides South African retail and institutional investors exclusive access to a select range of leading international investment portfolios.
In addition to the Global Group of the Year award, the M&G Recovery fund won the UK Growth category. The M&G Managed Growth Fund also won the award for the Best Active Managed Fund.
According to Bernard Fick, Chief Executive of Prudential Portfolio Managers South Africa, “Unknown markets, unknown investment managers, and a wide range of underlying funds can make investors uneasy when making offshore investment decisions. Through our relationship with M&G Investments we offer our investors experience, expertise, and scale.”
The annual Investment Week Fund Manager of the Year Awards are based on an assessment of three-year risk adjusted performance and consistency. Each fund is given a weighted score based on its percentile ranking within its sector for each of the three years to 31 March 2010. The awards are only for funds where the manager has been in place for three years of more.
Fick says, “The awards aim to recognise funds that produce consistent performance and where there is, in the judges’ opinion, a high chance that the manager will not disappoint in the future. With these awards, many of the managers who have won in the past are still considered to be at the top of their peer groups today.”
According to the award methodology, the judges look for consistency of return and believe that one of the best ways for a fund to achieve this is via the consistency of a fund manager’s tenure. The top managers tend to be those who stick with their portfolios for the long-term. Tom Dobell has managed the M&G Recovery Fund for over 10 years, and indeed the Fund has only had 3 different fund managers in its 41 year history.
With so many offshore funds available to investors, the awards are designed to highlight and celebrate the very best of what is available in the investment universe, for both UK and non-UK investors.
“These awards recognise the quality of the Prudential Group’s approach to managing client assets globally. They demonstrate that the select range of funds that we can offer to South African investors really do deliver the goods for our investors whether they are investing locally or offshore”, Fick continued.
“As much as this is good news for us as and the broader Prudential Group, it is better news for our clients. It reassures them that regardless of their specific objectives and appetite for risk, and as their needs change over time, our entire range of funds have a proven and demonstrable ability to consistently deliver benchmark-beating returns with less risk,” he concluded.
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