M&G Asian Fund

The fund aims to provide a combination of capital growth and income to deliver a return, net of the Ongoing Charge Figure, that is higher than that of the MSCI AC Asia Pacific ex Japan Index over any five-year period. At least 80% of the fund is invested in the shares of companies based, or doing most of their business, in Asia Pacific (excluding Japan). The investment strategy focuses on the future profitability, the valuation and the system of rules, practices and processes by which a company is managed. The fund manager seeks to identify companies which are, in his opinion at the time of investment, undervalued.