M&G Managed Growth C Inc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 104.74||Day Change||GBX -0.81 (-0.77%)|
|Price Date||24 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.48 %|
|Total Expense Ratio||0.29||Fund Size||947,030,000.00|
|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 (%)||0.29|
|ISIN||GB00B7Y35428||Min TopUp (£)||25,000.00|
The fund aims to deliver capital growth over the long term (that is, over five years or more) 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 may also gain exposure to assets indirectly through derivatives. 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.