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Name Description Fund Range Effective Date
M&G Episode Macro (Share class T) -U Objective change Old Mutual Wealth Limited, and Old Mutual Wealth Life & Pensions Limited 14 Jun 2019
Old objective

To deliver a higher total return, with lower volatility on average, than global equities over a rolling three to five-year period. The fund will typically invest in a variety of equity index futures, currency forwards, interest rate swaps, and other highly-liquid derivatives.

New objective

To deliver a total return (the combination of capital growth and income) of at least 4-8% per annum above the 3-month LIBOR over any five-year period, after charges are taken. The fund typically uses derivatives to gain exposure to a range of asset classes including equities, fixed income securities, convertibles and currencies, from anywhere in the world.