M&G
| M&G International Investments Ltd.
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|---|---|
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| legal form | Public Limited Company |
| ISIN | GB00BKFB1C65 |
| founding | 1931 |
| Seat | London |
| management | John Foley ( Chief Executive Officer ) |
| Number of employees | approx. 5700 (2020) |
| sales | £ 11.07bn (2019) |
| Branch | Financial services |
| Website | www.mandg.de |
The M & G plc is a UK investment company that was born from the merger between M & G Investments and the European arm of the former parent company Prudential and was listed separately in October of 2019. The company offers a variety of products in stocks , bonds and real estate. The company manages approximately £ 321 billion in assets.
About M&G
M&G International Investments Ltd. is a traditional British company specializing in asset management. The company was founded in 1901 under the name Municipal & General Securities, now M&G for short. In 1999 M&G became part of the Prudential Group. After it was merged with the European arm of the parent company Prudential in August 2017, M&G was released from the group in October 2019 and listed separately on the LSE as M&G plc. Since then, M&G has also been part of the British benchmark index FTSE .
M&G offers a wide range of funds and has expertise in various asset classes, from stocks to bonds to commercial real estate. The funds are offered in Great Britain but also in many European countries, as well as Asia, North and South America and South Africa.
history
- 1848 Prudential is founded as a life insurer in London.
- M&G launched the first mutual fund in Europe in 1931.
- M&G developed the UK's first official investment savings plan in 1954.
- In 1969, M&G launched the first “Recovery” fund.
- M&G launched the UK's first corporate bond fund in 1994.
- M&G 1998 launched the UK's first high yield bond fund.
- In 1999 M&G becomes part of Prudential plc , one of the largest financial services companies in the world.
- In 2017, the company will be merged with the European division of Prudential under the name M & GPrudential.
- In 2019, the merged company will go public separately as M&G plc.
The international business
M&G serves investors in the UK, Europe, Asia, North and South America and South Africa. In recent years M&G has rapidly expanded its distribution network in Europe. The German office is based in Frankfurt and is primarily responsible for sales and the real estate business.
Others
In 1992 M&G introduced the “corporate and staff charity fund”. Since then, the company has supported a wide variety of charities in the UK, supporting several projects. In 2018 M&G founded a separate investment company for unlisted bonds and in 2019 M&G started a fund whose goal - in addition to income - is sustainable investing. In November 2019, the company came under fire after suspending a real estate fund from trading because it ran into liquidity problems due to Brexit and the upcoming elections in the UK.
Web links
Individual evidence
- ↑ What we do. Retrieved July 2, 2020 .
- ↑ Investors pull £ 7.5bn from M & G funds business. FT Advisor, accessed July 2, 2020 .
- ^ Prudential, M&G to split in October into two FTSE 100 firms . In: Reuters . September 25, 2019 ( reuters.com [accessed July 2, 2020]).
- ↑ Contact | M&G Investments | fundresearch.de. Retrieved July 2, 2020 .
- ↑ M&G Credit Income raises £ 100m for floating rate fund . In: Citywire . ( citywire.co.uk [accessed July 2, 2020]).
- ↑ M&G (Lux) Positive Impact Fund: Only the “good” are eligible. Retrieved July 2, 2020 .
- ↑ M&G suspends £ 2.5bn property fund as Brexit tension mounts . In: Citywire . ( citywire.co.uk [accessed July 2, 2020]).