M&G is to offer its Charifund strategy to the public for the first time as the manager of the £1.1 billion portfolio takes over its Dividend fund.
The £1.1 billion Dividend fund, which returned 8.8% versus a sector average of 16.8% in the three years to January, will emulate Stiasny's Charifund, which is currently only available for charities to invest in.
Stiasny will focus on higher yielding stocks and will gradually increase the number of holdings in the portfolio to diversify the sources of income, the firm said.
Head of equities Anton Oliver said: 'Michael’s stewardship of the Charifund has grown the income distributions to charities year-on-year, allowing them to maintain the important work they do throughout the country.
'He can now emulate this investment approach for a broader range of our customers.'