The fund's aim is long term capital growth through investment wholly or mainly in securities of North American (including Canadian) issuers. When not wholly invested as above, it may only invest in companies which are listed, registered, or trading within North America.
Global equity markets received a significant boost in September after the US Federal Reserve cut interest rates by 50bp to 4.75%. This development bolstered investor confidence and US equities made healthy gains.Against this backdrop, the M&G American Fund gained 3.5% in September, ahead of the S&P 500 Composite Index, which was up 2.7%, but behind the 4.8% average return of the IMA North America sector.