M&G Prudent Allocation A H Acc USD
|Bid Price||-||Offer Price||-|
|Mid Price||USD 10.08||Day Change||USD +0.01 (0.73%)|
|Price Date||25 Oct 2016||Crown Rating|
|Shares Class||Inc.||Yield||0.57 %|
|Total Expense Ratio||1.64||Fund Size||364,900,000.00|
|Launch Date||23/04/2015||Standard Initial Charge (%)||4.00|
|Annual Management Charge (%)||1.40||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||1.64|
|ISIN||GB00BV8BTZ91||Min TopUp (£)||75.00|
The fund invests globally and prudently across a range of asset classes, including equities, fixed income and property shares, with the aim of delivering positive total returns in any three-year period, although this is not guaranteed. Asset exposure can be gained through physical holdings and the use of derivatives. In-depth research to determine the value of assets over the medium to long term is central to the approach. This is combined with analysis of investors’ emotional reaction to events, which can cause short-term mispricing, thus creating investment opportunities.
Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & risk team, before moving to the Multi Asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. In November 2010, Steven was appointed manager of the M&G Episode Income Fund. Three years later, he became manager of the M&G Income Allocation Fund upon its launch. Before joining M&G, Steven worked at F&C Asset Management, Merrill Lynch and the Bank of England. He graduated from the University of London in 1997 with a degree in financial economics.