M&G Investments has launched a new fund specifically for companies in the health and social care sectors which seek to promote better health and wellbeing as well as deliver attractive returns.
The M&G Better Health Solutions Fund is a concentrated portfolio of around 30-35 holdings managed by Jasveet Brar. It will annually report each company’s impact on health and wellbeing and revenue alignment with health-related UN Sustainable Development Goals.
The fund follows the same investment approach and process as M&G’s £480m Positive Impact strategy, managed by John William Olsen, who will also deputise for Brar, and the recently launched M&G Climate Solutions strategy.
Suitability for investment will be assessed on whether companies are pioneers – young companies whose innovation could benefit global health – enablers or leaders which have spear-headed sustainability in industries promoting better health.
‘The global pandemic has not only put the strains on healthcare systems in both developed and developing economies into stark focus but it has also demonstrated the importance lifestyle and mental wellbeing can have in preventing ill health,’ said Brar. ‘There is a growing demand for health and wellbeing services worldwide and many companies are seeking to provide solutions, which will allow many of us to lead better and healthier lives.’