M&G Global Recovery R Acc GBP

Quick Stats

Bid Price - Offer Price -
Mid Price GBX 180.59 Day Change GBX +0.91 (0.51%)
Price Date 9 Dec 2016 Crown Rating 5
Shares Class Inc. Yield 0.52 %
Total Expense Ratio 1.16 Fund Size 325,470,000.00
Launch Date 17/02/2012 Standard Initial Charge (%) 1.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 1.00 Sector IMA UK Equity Income
Min Investment (£) 500.00 Total Expense Ratio (%) 1.16
ISIN GB00B7MYFM53 Min TopUp (£) 100.00

Fund Objective

The fund aims to deliver long-term capital growth through investment in an internationally diversified portfolio of company shares. The fund manager focuses on businesses that have experienced difficulties, but where a good management team is making a concerted effort to improve shareholder returns, and where he believes the value of the business has been overlooked. Taking a long-term view and developing a constructive dialogue with company management are fundamental to the investment process.

Fund Managers

Michael Stiasny
Michael Stiasny joined in 1998 as an equity analyst, becoming head of the pan-European equity research team in January 2005. He was appointed deputy fund manager of the M&G Recovery Fund in January 2011. Michael graduated in philosophy, politics and economics from Oxford University. He is also a CFA charterholder.