Headline figures
— M&G's net inflows for the first half of 2009 were £8.6 billion, an increase of 254 per cent
— Record gross inflows of £12.6 billion, an increase of 69 per cent on the previous year
— Operating profit of £75 million down from £113 million in the same period in 2008

M&G independently manages assets on behalf of a wide range of retail and institutional investors.

Retail business
— Open Ended Investment Companies (OEICs) and Unit Trusts (UTs)
— Investment Trusts (ITs)
— Individual Savings Accounts (ISAs)

M&G and Prudential branded mutual funds are distributed to retail investors in the UK, Europe, Asia and South Africa. M&G manages £23.3 billion of retail assets, invested in equities, fixed income and property.

At 30 June 2009, M&G was the largest provider of Fixed income products in the UK retail market (Source: Lipper FMI).

Institutional business
— Segregated equity and fixed interest, pooled pension funds, structured and private finance
— Macro Investment Business
— Institutional customers include pension funds, insurance companies and other financial institutions

M&G manages £32.6 billion of institutional assets, invested in equities, fixed income and property.

Internal business
M&G manages assets on behalf of Prudential's long-term business funds, including with-profits and unit-linked funds, annuities and corporate pension products.

M&G manages £93 billion of assets on behalf of Prudential Group companies, invested in equities, fixed income and property.

Customers: Around 0.5 million

Staff: 1,000+

Locations: UK London, Chelmsford Europe Austria, France, Germany, Italy, Luxembourg, Spain, Switzerland Other South Africa, Namibia, Chile

Also part of M&G
— Prudential Property Investment Managers (PRUPIM)
— Prudential Portfolio Managers South Africa