M&G UK Select C Inc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 2,710.31||Day Change||GBX -11.35 (-0.42%)|
|Price Date||24 Oct 2016||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.16||Fund Size||637,010,000.00|
|Launch Date||17/12/1968||Standard Initial Charge (%)||1.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.16|
|ISIN||GB00B9JFHW97||Min TopUp (£)||25,000.00|
The fund invests principally in shares of UK-listed companies with the aim of achieving capital growth. A long-term view is taken, with the emphasis on finding undervalued companies with attractive growth prospects. The portfolio targets a total number of stock holdings of around 50. The relatively concentrated nature of the fund requires the manager to have strong conviction in each and every holding.
Mike Felton joined M&G in 2005 as Head of UK Retail Equities and manager of the M&G UK Capital Fund, which later became the M&G UK Select Fund. He was absent due to illness for most of the period from August 2008 to January 2011, but resumed responsibility for the M&G UK Growth Fund in September 2011 and became manager of the M&G UK Growth Fund in December 2012. Mike started his career as a trainee investment analyst with Sun Alliance Investment Management in 1989 and managed his first fund in 1994.