M&G launches Orbis fund to tap UK stock bargains
Source: investorschronicle.co.uk
- M&G Investments launches a new global equity fund targeting undervalued UK stocks overlooked by US investors.
- The Orbis Global Equity Strategy will invest up to 30% in UK shares, aiming for long-term growth.
- This move challenges the narrative that UK markets lack appeal amid post-Brexit pessimism.
M&G Investments has partnered with Orbis Investment Management to offer UK investors access to a global equity fund with a strong focus on British stocks. The fund targets high-quality UK companies trading at discounts due to low US investor interest. It matters because it could signal renewed confidence in UK equities, providing diversification for savers wary of US-dominated markets.