M&G International Investments Switzerland AG
Lessons from five years of value investing in the US
M&G North American Value Fund
- The current bull market for US equities has in many respects been a bear market for value investors.
- In a challenging environment for the fund, stock selection has offset the style headwind.
- Despite a number of risks and uncertainties, we believe there are attractive opportunities among value stocks.
Please remember that the value of investments and the income from them will rise and fall. This will cause the fund
price, as well as any income paid by the fund, to fall as well as rise, and you may not get back the amount you originally
invested. Changes in currency exchange rates will also affect the value of your investment.