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M&G launches new sustainable fund which will hold 30 to 40 stocks focused on social diversity and inclusion

  • M&G has launched a new fund focused on addressing social inequality
  • Diversity and Inclusion Fund will be managed by Thembeka Stemela Dagbo
  • It is aiming to provide a higher return than the MSCI flagship global equity fund 










M&G has launched a new fund focused on addressing social inequality, notably gender and ethnic diversity, as it expands its range of sustainable funds.

The M&G (Lux) Diversity and Inclusion Fund will be managed by Thembeka Stemela Dagbo and will have a portfolio of between 30 and 40 stocks.

At least 15 per cent of the portfolio will be invested in companies focused on social inclusion, using M&G’s existing Positive Impact and Climate Solution approach and process. 

Thembeka Stemela Dagbo will lead M&G's new Diversity and Inclusion Fund

Thembeka Stemela Dagbo will lead M&G’s new Diversity and Inclusion Fund 

It will assess stocks using its ‘III’ framework, assessing the investment, intention and impact of each company.

The rest of the fund will be allocated to sustainable companies demonstrating gender and ethnic diversity. 

All stocks in this section of the portfolio must have a minimum of 30 per cent women and/or ethnic minorities at board level at the time of purchase.

‘Left unaddressed, the exclusion of disadvantaged groups and the lack of diversity can be costly and result in lost GDP and human capital wealth, whereas pioneers of the diversity and inclusion initiatives are being increasingly recognised for their financial outperformance,’ said Stemela Dagbo.

She is aiming to provide a higher total return than the MSCI’s flagship global equity fund over any five-year period.

‘Companies with top quartile levels of gender diversity are 25 per cent more likely to outperform, and 36 per cent more likely for ethnically diverse ones,’ added Stemela Dagbo. 

‘This fund provides our customers with the opportunity to capitalise on these trends and address diversity imbalances while putting their savings to work with a purpose.’

The fund, like M&G’s other sustainable funds, will follow the UN sustainable development goals framework focusing on quality education, gender equality, decent work and economic growth, industry, innovation and infrastructure, reduced inequalities and peace, justice and strong institutions.

The investment manager is one of the leaders in the sustainability investment space which has become an increasingly popular investment theme.

‘[M&G’s new fund] is precisely the sort of innovation and development that we are consistently calling for,’ said David Macdonald, founder of ethical financial advice firm The Path. 

‘As the market matures and as consumers are heard then a deeper and wider universe of funds addressing more granular themes can emerge. 

‘Diversity and inclusion are critical targets for impact investment which Path Financial has firmly in our sights as an agenda to push forward. 

‘The M&G fund is a big stride in the right direction. Ultimately we will want to see more funds such as this with bolder targets. 

‘But at this stage, we can’t let “best” get in the way of “better” and it is a very welcome advance.’ 

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All’s fair in love and work! Employees share the hilarious antics of their co-workers that brightened up their day

  • People share comical times others made a long day at work more bearable 
  • One snap shows a toilet roll being sold for $4000 with a free diamond ring 
  • Meanwhile, a de-icing machine sticks a large picture of Salt Bae on a truck 










It’s not everyday that a worker goes out of their way to make the whole office smile, but when it happens it’s a true joy. 

Now, people from around the world have shared the best examples of comical goings on in the workplace – with the very best collated in a gallery by Bored Panda.   

One good humoured grocery store worker changed his own name tag to ‘Kale’ afterbeing bombarded with requests for the leafy vegetable, while another made  a resident spider a part of the office.

Elsewhere, some builders zipped themselves into a three-way jacket, and a group of co workers pranked another making him think a pickle was a cactus. 

Here, FEMAIL shares some of the best examples…

What better way to salt the roads of St Louis by attaching the king of salt himself on the back of the machine?

What better way to salt the roads of St Louis by attaching the king of salt himself on the back of the machine?

Well if it isn't the most famous face of 2020... and this doctor's office certainly knows how to get their patients' attention

Well if it isn’t the most famous face of 2020… and this doctor’s office certainly knows how to get their patients’ attention

Herman is quite possibly the best, and most productive office worker ever to exist. He certainly knows how to spin a great web

Herman is quite possibly the best, and most productive office worker ever to exist. He certainly knows how to spin a great web

This Australian jeweller certainly knows how to grab the attention of potential fiancé's. Let's just hope the toilet paper is for tears

This Australian jeweller certainly knows how to grab the attention of potential fiancé’s. Let’s just hope the toilet paper is for tears

Could there be a better wifi password for a Vietnamese restaurant? The answer is absolutely not

Could there be a better wifi password for a Vietnamese restaurant? The answer is absolutely not

These three builders from the US turned up wearing the same jackets and promptly thought of zipping themselves together, because why not?

These three builders from the US turned up wearing the same jackets and promptly thought of zipping themselves together, because why not?

Kale the US grocery store employee waited for exactly the right time to say 'I'm right here' while being asked where a certain leafy green was stocked

Kale the US grocery store employee waited for exactly the right time to say ‘I’m right here’ while being asked where a certain leafy green was stocked

The staff for this overseas cruise know how to make one jump when entering the bathroom, luckily this toilet-using towel animal is rather sweet

The staff for this overseas cruise know how to make one jump when entering the bathroom, luckily this toilet-using towel animal is rather sweet

US Walmart store employee, Charlene knows exactly how to entice customers on the local social media group, and she does it well

US Walmart store employee, Charlene knows exactly how to entice customers on the local social media group, and she does it well

What a pickle! One poor co worker in a US office who thought he was caring for a cactus discovered his colleagues had actually given him a pickle

What a pickle! One poor co worker in a US office who thought he was caring for a cactus discovered his colleagues had actually given him a pickle

Spot the gardener! One lucky US friend gets daily Where's Wally type pictures of their buddy hiding amongst the leaves on the job

Spot the gardener! One lucky US friend gets daily Where’s Wally type pictures of their buddy hiding amongst the leaves on the job

Not only did this US office employee draw an inexplicably cute alien, they used a tremendous pun, too

Not only did this US office employee draw an inexplicably cute alien, they used a tremendous pun, too

This US office worker is frankly sick to death of mundane small talk, and has likely inspired a lot of others to follow suit

This US office worker is frankly sick to death of mundane small talk, and has likely inspired a lot of others to follow suit

One US worker thought what better way to cheer people up on their walks through the building that with non-hazards? The lack of signal is actually scary...

One US worker thought what better way to cheer people up on their walks through the building that with non-hazards? The lack of signal is actually scary…

One US cashier told their colleague there were multiple bills inside the till... and they weren't wrong

One US cashier told their colleague there were multiple bills inside the till… and they weren’t wrong

This UK library took raunchy novel exposure to a whole new level, but for anyone who enjoys such fiction, feast your eyes.

This UK library took raunchy novel exposure to a whole new level, but for anyone who enjoys such fiction, feast your eyes.

An office key card reader that lights up as terminator's red eye? Now that's a fun way to start the work day indeed

An office key card reader that lights up as terminator’s red eye? Now that’s a fun way to start the work day indeed

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