M&G plc has launched PruFund Planet, a people and planet-focused version of its solution for UK retail investors.
PruFund Planet comprises a range of five funds whose investment strategies will be assessed and set in relation to three types of outcome: managing ESG risks and seeking to minimise negative outcomes via exclusions; pursuing opportunities that contribute to positive outcomes for broad stakeholders; targeting specific societal/environmental issues for underserved groups or stakeholders.
M&G expects the funds "to deliver similar long-term growth to the existing PruFund range at the same cost-to-customer".