M&G (Lux) Global Dividend Fund- Looking back on 2019
Global equities rose strongly in 2019, led by the US. Technology was the standout performer, while defensive sector lagged against a backdrop of rising bond yields.The fund trailed the MSCI ACWI Net Return Index as Methanex, Trinseo (materials) and Imperial Brands (consumer staples) held back returns. Stock selection added value in energy, where Gibson Energy and Keyera bucked the trend in an underperforming sector. Tokyo Electron led the gains in a buoyant technology sector.