|Bid Price||-||Offer Price||-|
|Mid Price||GBX 1,895.72||Day Change||GBX +7.64 (0.40%)|
|Price Date||24 Nov 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.94 %|
|Total Expense Ratio||0.93||Fund Size||148,070,000.00|
|Launch Date||24/07/1972||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.93|
|ISIN||GB00B76N7B10||Min TopUp (£)||10,000.00|
The fund is at least 80% invested in the shares of European companies, excluding the UK, with the aim of growing capital over the long term (three years or more). The fund manager selects stocks based on in-depth analysis of individual companies, seeking to invest in businesses with sustainable competitive advantages, which have the opportunity to reinvest their capital at high rates of return. A company’s strategy around the allocation of capital is central to the investment process, with the manager focusing on those that recognise the importance of growing dividends, which he believes will drive long-term capital growth. The fund usually holds shares in fewer than 50 companies.
Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G Dividend Fund in July 2013.
Sam Ford was appointed deputy manager of the M&G Pan European Dividend Fund, M&G Dividend Fund and M&G Extra Income Fund in February 2015. Sam initially joined M&G in 2014 as a dedicated analyst to the Income team. Prior to M&G, Sam worked at Alliance Trust, most recently as an investment manager with the Global Equities team. Sam graduated from the University of Strathclyde with a masters degree (merit) in chemical & process engineering and is a CFA charterholder.