M&G Global Recovery R Acc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 180.59||Day Change||GBX +0.91 (0.51%)|
|Price Date||9 Dec 2016||Crown Rating|
|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|
|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|
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.
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.