M&G Investments is set to rename its £331.9m Episode Balanced fund as M&G Episode Allocation on November 3.
A spokesperson said the change was designed to reflect “the fact that the fund manager actively allocates capital to different asset classes in order to meet the fund’s objectives”.
The spokesperson added: “This is different to other balanced funds, which have traditionally maintained more static asset allocation.”
There will be no change in the fund’s objective or investment process as a result of the name change.
The fund, managed by Juan Nevado and Tony Finding, the fund has outperformed the IMA Mixed Investment 20%-60% Shares sector in one, three and five years.
