Quick Stats

Bid Price - Offer Price -
Mid Price GBX 1,500.50 Day Change GBX +3.74 (0.25%)
Price Date 16 Oct 2017 Crown Rating 5
Shares Class Inc. Yield 1.82 %
Total Expense Ratio 0.92 Fund Size 2,054,950,000.00
Launch Date 28/02/1973 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.92
ISIN GB00B76CZD62 Min TopUp (£) 10,000.00

Fund Objective

The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing at least 70% of the fund in sound, well-run companies from anywhere in the world that operate in primary (such as mining) and secondary industries (such as manufacturing), and also in companies that service these industries. The investment process is a blend of macroeconomic and company analysis focused on identifying and exploiting investment themes that are likely to be the key long-term drivers of growth and selecting the stocks best placed to benefit from them. The fund invests across different countries and companies of varying sizes.

Fund Managers

Jamie Horvat
Jamie Horvat is lead manager of the M&G Global Basics Fund. He also manages the Vanguard Precious Metals and Mining Fund, an institutional mandate, which he has managed since joining M&G in December 2013. Jamie has over 16 years of investment management experience, gained in a variety of mandates covering the resources and precious metals sectors as well as the broader market by sector and market cap. He was previously employed by Canadian asset managers, Sprott Asset Management and AGF Management, as well as Stifel Nicolaus Canada where he was a director in the Metals & Mining practice. Jamie holds a diploma in mechanical engineering technology from Mohawk College and an Honours B Comm (Finance) from McMaster University in Canada.
Randeep Somel
Randeep Somel is co-manager of M&G Global Basics Fund. He joined M&G in 2005 as a fund managers’ assistant on the M&G Equities team, and later became dedicated analyst on the M&G Global Basics Fund and the Vanguard Precious Metals & Mining Fund. Prior to joining M&G, Randeep worked for State Street in a fund accounting role. He graduated from Birmingham University with a degree in economics in 2003 and is a CFA charterholder.