M&G European Corporate Bond C Inc E

Quick Stats

Bid Price - Offer Price -
Mid Price EUR 18.60 Day Change EUR -0.01 (-0.03%)
Price Date 20 Oct 2016 Crown Rating 3
Shares Class Inc. Yield 2.48 %
Total Expense Ratio 0.66 Fund Size 2,266,380,000.00
Launch Date 13/01/2003 Standard Initial Charge (%) 1.25
Currency EUR ISA Eligible No
Annual Management Charge (%) 0.50 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.66
ISIN GB00BK6MBH38 Min TopUp (£) 50,000.00

Fund Objective

The fund aims to deliver income and capital growth by investing mainly in bonds issued by European companies with a high credit rating. The fund manager can also invest part of the portfolio in other fixed income securities, such as government bonds. Exposure to these assets is gained through direct holdings and the use of derivatives. An in-house team of independent credit analysts assists the fund manager in the selection of individual bond issues and with the monitoring of names held by the fund.

Fund Managers

Stefan Isaacs
Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.