M&G Positive Impact I Acc
- Citicode
- PQEP
- Launch Date
- 20-11-2018
- Fund Size
- £178,919,406
- Yield
- 0.83%
- Ongoing Charge
- 0.70%
- Fund Managers
- John William Olsen
Thembeka Stemela
Fund Objective
The Fund aims to make a positive impact by advancing progress towards the following six “Impact Outcomes”:
– mitigation of climate change by avoiding and/or reducing greenhouse gases (“Climate Action”);
– enabling and implementing a transition to a more circular economy where waste is reduced, reused and/or recycled (“Circular Economy”);
– preventing and reducing damage to the natural environment (“Environmental Solutions”);
– improved health and wellbeing and/or access to quality healthcare (“Better Health”);
– increased social and economic inclusion for individuals or groups (“Social Inclusion”); and
– improved access to quality work, better working conditions, and/or education (“Better Work and Education”).
The fund manager intends to achieve this in a positive, measurable way, by:
– investing in companies which contribute to an Impact Outcome; and
– supporting and advancing the Fund’s positive impact on the Impact Outcomes through its other investment activities such as engagement with such companies,
(the “Sustainability Goal ”). The impact of investments and the fund manager's contribution will be assessed and reported on at least annually.
The pursuit of the Sustainability goal is not expected to result in material negative environmental or social outcomes. Pursuing the Sustainability goal involves choosing investments that contribute towards it and excluding others. In financial terms, that results in a different risk profile, which can have a positive or a negative effect on returns depending on what happens with the market.
Top 10 Holdings
Asset Class
Fund Manager
John William Olsen
Start Date
20-11-2018
Bio
John William Olsen, a Danish national, has been the manager of the Positive Impact strategy since launch in November 2018. Two years later, John William became deputy manager of the Climate Solutions strategy upon launch, and in 2021 of the Better Health and Diversity and Inclusion strategies. John William joined M&G in April 2014, was appointed manager of the Global Select and Pan European Select strategies in July 2014 and, two years later, deputy manager of the Pan European Select Smaller Companies strategy. Prior to joining M&G, he worked for Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking, Global Select and European Select strategies. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.
Fund Manager
Thembeka Stemela
Start Date
01-07-2021
Bio
Thembeka Stemela joined M&G in July 2018 as an investment analyst for the Positive Impact strategy. She was appointed deputy manager in August 2019, and became manager of the Diversity and Inclusion strategy in October 2021. Before joining M&G, Thembeka was a vice president (VP) in the equity research department at Credit Suisse International, where she joined as part of the Graduate Programme in 2012. She served as a primary analyst for the UK and Nordic non-life insurers in Credit Suisse’s European insurance team. Thembeka has a Bachelor of Business Science Honours Degree from the University of Cape Town (UCT), specialising in Economics.
Data source:
All financial data is supplied by FE
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