M&G European Strategic Value C Acc
|Bid Price||-||Offer Price||-|
|Mid Price||USD 9.30||Day Change||USD +0.03 (0.70%)|
|Price Date||20 Oct 2016||Crown Rating|
|Shares Class||Inc.||Yield||1.62 %|
|Total Expense Ratio||0.92||Fund Size||1,153,390,000.00|
|Launch Date||01/02/2008||Standard Initial Charge (%)||1.25|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.92|
|ISIN||GB00BK6MCX60||Min TopUp (£)||50,000.00|
The fund is invested principally in the shares of European (including UK) companies that are deemed to be undervalued, with the aim of maximising long-term total return. It is an actively managed fund where the selection of stocks is driven by in-depth analysis of individual companies. The fund manager takes a long-term view and seeks to identify companies that are out of favour and whose potential value, in his view, is yet to be reflected in the share price.
Richard is a director of equities and joined the equity team in 1999 as an investment analyst specialising in the insurance sector. He subsequently moved on to the life fund team where he assists in managing the Prudential Life Fund. In addition he manages 3 unitised funds. Richard`s date of birth is 31 July 1971.Funds managed:Prudential European Trust,UK equity portion of the Prudential Global Growth.Previous companies and responsibilities:Before joining the company, Richard worked as a security analyst for the Sedgwick Group. Prior to that he worked as an accountant for an insurance company in South Africa after leaving Andersen Consulting, who were his first employer. Academic training:Richard graduated from the Universityof Natal, Durban with a Bachelor of Commerce. In addition he is a passed finalist of the Institute of Management Accountants (CIMA), and a Chartered Financial Analyst (CFA).