M&G Investments

We’re looking forward to returning to SuperReturn in Berlin this June – this year as co-sponsors. 📍 8–12 June | InterContinental Berlin We’ll be hosting meetings from our boardroom and would love to connect. Please contact a member of our team: Ingo Matthey, Martin Kuebler, Ann-Kathrin Fuhrmann, Werner Kolitsch, Stefan Nordenberg, CFA, CAIA, Enguerrand Fougerat James King, our Head of Structured Credit & Private Debt, will be speaking at the Private Debt Summit on: Beyond traditional: the value of niche and specialty finance 📅9 June | 15:50–16:25 Colleagues from across our investment and distribution teams, including P Capital Partners and responsAbility Investments AG, will also be attending. We look forward to seeing you there. #PrivateMarkets #SpecialtyFinance #StructuredCredit #PrivateCredit #PrivateDebt #SuperReturn

An inflationary backdrop calls for a new playbook. How can investors respond to a higher-for-longer regime? The impact of inflation will be felt across asset classes, and portfolios need to be reassessed for resilience. Understanding how different assets are likely to perform in an inflationary environment is essential. In this Ampersand article, we provide investors with a guide to navigating a world of rising prices. Discover the investment options in Ampersand https://brnw.ch/21x2Th4 #Ampersand #IntelligenceConnected #Inflation #Equities #FixedIncome #PrivateMarkets

Tech momentum crowding is unravelling, with moves reflecting more than a simple unwind. The AI theme still dominates, but narrow breadth and more selective price action suggest growing differentiation, just as rising bond yields add pressure.    In this Weekly Snapshot from Stefano Amato, we ask, can equities keep ignoring rising yields or are cracks in AI momentum signalling a shift? 

We talk a lot about data in investing. But what happens when data shapes how you see the story? In the latest Ampersand, we used it to do exactly that.  Marketing communication for professional investors only. For our inflation piece, we took the data behind the charts and used it to drive the visuals. The aim was simple. Make the insight clearer, not just more engaging. Because inflation today is not a short-term cycle. It is structural. And understanding that shift matters for how portfolios are positioned. Take a look at the latest Ampersand article https://brnw.ch/21x2PCw #AmpersandMagazine #IntelligenceConnected #Inflation

Inflation’s back. Are investors prepared? The current energy shock is the latest evidence inflation is here to stay, not driven by demand but by supply shocks, geopolitics and a worsening fiscal backdrop. Impacts will be felt across asset classes, but investors have options. From inflation-linked bonds through to real assets and private credit, strategies exist potentially offering protection and reward. In this Ampersand article, we identify the beneficiaries and suggest where investors should exercise caution. Read the full insight in Ampersand https://lnkd.in/exEkFGGA #Ampersandmagazine #IntelligenceConnected #Inflation #Equities #FixedIncome #PrivateMarkets

Through BauMont Real Estate Capital Limited, part of M&G Real Estate, we are working with HONDO ENTERPRISES LTD to create 26 new homes at 1 Vincent Square, bringing new life to an existing building in central London. For professional investors only. As Harry Wentworth-Stanley, explains: “This is a good example of our approach to investing in well‑located buildings that can be brought back into productive use.” By reimagining existing space, projects like this help respond to housing needs while supporting the long‑term vitality of our cities.

We look at the same landscape, and yet we form different views. Is this why we can’t have nice things?    Sticky, broadening inflation is keeping long rates high and weakening bonds’ hedge role, while equities – especially tech – look through the strain, setting up an uneasy ‘AI boom vs bonds’ dynamic where conviction is hard to sustain.    In this Weekly Snapshot from Stefano Amato, we ask, what to do in the meantime?

For generations, we have become accustomed to a growing world. However, now we face a different prospect – one of slower birth rates and older populations. https://brnw.ch/21x2tCl With the global population projected to peak at 10.3 billion by the mid-2080s before gradually declining, changing demographics is one of the most consequential macroeconomic shifts of the century. In our view, it will have substantial social, economic and political impacts, as well as a significant effect on markets. #FixedIncome #Demographics #Macroeconomics

This week’s Bank of England 8–1 hold at 3.75% masks a rising hawkish tail risk, with Chief Economist Huw Pill warning disinflation could stall even before higher Iran‑linked energy prices feed through. To boot, Labour’s deteriorating outlook raises fears of unaffordable fiscal largesse.    In the meantime, markets have been losing patience with gilts and pushed yields to multi-decade highs.    In this Weekly Snapshot from Stefano Amato, we ask whether markets are overreacting to the (undeniable) uncertainty gripping the UK fiscal and political picture, or if we just stay away and focus on other things? The views expressed should not be taken as a recommendation, advice or forecast.

Like it or not, AI capex is now a macro variable – not ‘just’ an equity theme.     Alphabet, Amazon, Microsoft and Meta reported together and confirmed demand for compute is real. If anything, it is supply that is constrained. Hyperscalers are effectively sold out, with these four spending around US$600 billion a year to fund the AI arms race.    We therefore sit in an uncomfortable equilibrium. Geopolitical strain is tightening energy supply just as a major technological revolution accelerates.     In this Weekly Snapshot from Stefano Amato, we ask whether – and how – the two can be squared.