On 10 July 2025, M&G Episode Income will change its name to M&G Income and Growth.

M&G has chosen to change the fund’s name as it is seen as a better reflection of the fund’s dual aim of delivering a growing level of income (over any three-year period) and generating capital growth of 2-4% per year.  The firm has confirmed that the investment objective is unchanged and that there will be no alterations to the fund’s overall risk profile.

The fund has been managed by Steven Andrew since its launch in 2010 and he was joined by Stefano Amato as co-manager in 2022.  As a reminder, this is a diversified multi-asset fund, managed with flexibility but against the backdrop of a robust valuation framework.  The cornerstone of the investment approach is to establish which income-generating assets appear attractively or unattractively priced, and, as importantly, to understand why.  The team believes that there are periods when assets can become mis-priced and depart significantly from a sense of "neutral", or fair value.  In short, they aim to add value by taking the right level of risk at the right price.  Although income generation is a priority, the managers do not over-reach for yield and the fund pays out its ‘natural’ rate of income.