M&G Managed Growth C Inc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 96.64||Day Change||GBX -0.11 (-0.11%)|
|Price Date||2 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||1.48 %|
|Total Expense Ratio||0.22||Fund Size||907,260,000.00|
|Launch Date||28/10/1994||Standard Initial Charge (%)||1.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.22|
|ISIN||GB00B7Y35428||Min TopUp (£)||25,000.00|
The fund aims to achieve long-term capital growth by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Craig Moran was appointed co-manager of the M&G Prudent Allocation Fund on launch in April 2015. He has also been deputy fund manager on the M&G Managed Growth Fund since 2013 and on the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund since 2011. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted as a fund managers' assistant to the Multi Asset team. In 2010, he became the team's investment analyst. Craig holds a bachelor of business degree from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.