Quilter Investors has sacked Schroders and appointed M&G Investments as manager of its Japanese Equity fund.
The segregated mandate will be run by Carl Vine (pictured) who along with Dave Perrett joined M&G in 2019 to form an Asia Pacific equity team and run the M&G Japan fund. The duo had previously run Port Meadow Capital Management, a boutique they founded in 2014.
Vine will be supported by a team of seven analysts.
Quilter said M&G was chosen due to its focus on engagement with the companies it invests in, as well as the team’s strong stock-picking ability. The fund was previously run by Schroders.
The move also sees M&G join a panel of asset managers appointed by Quilter Investors to manage the sub-advised mandates used within the managed portfolio service run by Stuart Clark.
Clark said: “We are pleased to be welcoming another strong fund group as a WealthSelect Global Partner and have been impressed with Carl and his team’s performance at M&G to date.
“Japan is an interesting region with lots of opportunities ahead as it emerges from the pandemic and sees a new prime minister come in following Yoshihide Suga’s surprise resignation, so we are excited to see what the new management team does with the fund.”
Vine added: “We’re proud to be partnering with Quilter and pleased that they share our enthusiasm for the rich opportunity set in Japan. The Japanese corporate sector is undergoing significant change. This is driving structural earnings improvement and with that comes exciting opportunities for experienced stock pickers in this market.”
