Financial services group M&G has partnered with insurance group New Ireland Assurance to make its PruFund-style proposition available to retail investors in Ireland.
Future+ is a range of global multi-asset funds designed to replicate the success of M&G’s flagship PruFund range outside the UK. Future+ uses the same investment team and capabilities underpinning the firm’s £133bn ($152bn, €150.9bn) With-Profits fund.
The range offers retail investors access to a pool of diversified public and private assets through its exposure to Prudential With-Profits global assets.
Clare Bousfield, managing director of retail and savings at M&G, said: “The launch in Ireland expands our Future+ range in Europe and marks an important milestone for our business, building on our Italian launch earlier this year. It addresses two of M&G’s key strategic priorities, growing our business outside the UK and further strengthening our partnership with leading European players.
“The With-Profits Fund has been helping UK retail investors manage and grow their money for decades and we are excited to be able to now offer these capabilities to customers in Ireland.”
