M&G (Lux) North American Dividend Fund: Diversified sources of alpha

25/07/2019

US equities reached record highs, driven by technology-related stocks. The fund outperformed the S&P 500 Index and added value across a broad range of sectors. Dividends continue to rise in the US market, with most of the fund’s holdings delivering growth in the region of 5-15%.


The collective investment schemes referred to in this document (the "Schemes") are open-ended investment companies with variable capital, incorporated in England and Wales. Société Générale, Paris, Zurich Branch, Talacker 50, P.O. Box 5070, 8021 Zurich acts as the Swiss representative of the Schemes (the "Swiss Representative") andacts as their Swiss paying agent. The Instrument of Incorporation, Prospectus, the Key Investor Information Document, as well as the annual or interim Investment Report and Financial Statements of the Schemes (each in their respective latest version approved by the Swiss Financial Market Supervisory Authority, in German) can be obtained free of charge from the Swiss Representative in Zurich.


The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.