Improved physical exposure to European Real Estate
Within the Active range, the physical exposure to European real estate was increased via the M&G European Property Fund. Within the Passive range, physical exposure to European real estate was introduced via with M&G European Property Fund. This is an institutional property fund, usually only available to institutional investors. However due to the size of assets that the M&G Treasury and Investment Office (T&IO) manage, the Risk Managed Active and Passive ranges are able to leverage off of the size and scale, and gain access to institutional property funds.
See below fund holdings percentages for a breakdown of building blocks as at 30.06.2024