M&G Episode Allocation Fund
A highly flexible portfolio that uses a wide variety of liquid instruments to target returns above cash.
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Marketing communication
This page contains marketing information
Our multi asset capabilities
With a long-standing heritage in multi asset investing, M&G Investments offers a broad and innovative range of actively managed multi asset solutions designed to meet different investor objectives and risk profiles. Our multi asset capabilities span flexible absolute return strategies and long-only solutions encompassing balanced portfolios and thematic approaches, a breadth of capability that is rare to find within a single multi-asset offering.
Driven by investors’ evolving needs, we construct diversified portfolios by combining our best ideas across asset classes, regions and investment themes. Across our absolute return and long-only offerings alike, performance is underpinned by disciplined asset allocation, specialist expertise and robust research, enabling us to manage risk effectively and uncover opportunities across market cycles.
Source: M&G, as of 31 December 2025.
Hear from Fabiana Fedeli
Chief Investment Officer of Equities, Multi Asset & Sustainability.
Fabiana’s recognition by Financial News as one of the Top 100 Most Influential Women in European Finance highlights her industry leadership and the meaningful contribution she makes to M&G and our clients.
Strategic assessment
Dynamic asset allocation
Asset class diversification
For illustrative purposes only.
Solutions
Our multi asset solutions
M&G Multi Asset constructs portfolios for a suite of pooled funds and client investment mandates, catering for a variety of investor preferences and target outcomes. Our portfolios combine the inherent diversification benefits of multi asset investing with the ability to allocate capital dynamically across global markets, including in niche and hard‑to‑access areas.
Diversified Growth
The team’s flagship strategies, supported by their long track records, are highly flexible and tactical asset allocation funds focused on capital growth. These fully liquid, globally oriented portfolios are managed with a strong tactical element. The fund managers seek to understand the drivers of behaviourally driven price movements across asset classes, using these insights to identify exploitable trading opportunities, consistent with the multi asset team’s overarching investment philosophy.
Income
Allocating to single asset classes is unlikely to deliver stable, long-term growth in income over time. A multi asset income solution can have the advantage of combining and diversifying exposures from different asset classes in a single portfolio to capture the broadest range of opportunities. Our approach offers flexible allocation, a truly global investment universe and an unbiased total return approach, using an asset mix that is free to shift over time as opportunities present themselves.
Capital Preservation
Our Global Target Return strategy is designed to offer investors a genuinely liquid investment proposition that seeks to deliver consistent, uncorrelated returns above cash regardless of market environment. A focus on a cash-plus investment objective, over any three-year period, reflects a real-world return target that we believe is highly relevant for clients focused on maintaining purchasing power and achieving modest real growth in any market environment.
The strategy is built around flexibility, rather than static allocations to equities or bonds, allowing it to move dynamically across asset classes and regions, taking long or short positions as opportunities arise.
Sustainability Focused
Flexible, sustainability-focused portfolios accessing a diversified range of global assets. Our approach is unconstrained by performance benchmarks or asset-class targets, allocating capital across regions and sectors to build diversified and distinctive multi asset portfolios for investors seeking sustainability-aligned solutions.
This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decisions.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance. The views expressed in this webpage should not be taken as a recommendation, advice or forecast.
Multi asset AUM by strategy
Total assets under management of £11.8bn
M&G Investment Management Limited (MAGIM), M&G Alternative Investment Management Limited (MAGAIM), M&G Securities Limited (MGSL) and M&G Financial Services Limited (MGFS) are registered in England and Wales under numbers (936683, 2059989, 90776, 923891) respectively. The registered address of MAGIM, MAGAIM, MGSL, and MGFS is 10 Fenchurch Avenue, London, EC3M 5AG. MAGIM, MAGAIM, MGSL, and MGFS are authorised and regulated by the Financial Conduct Authority (“FCA”) under numbers 119328, 122011, 122057, 122058 respectively.