M&G UK Select C Inc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 2,604.23||Day Change||GBX -13.25 (-0.51%)|
|Price Date||2 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.16||Fund Size||593,630,000.00|
|Launch Date||17/12/1968||Standard Initial Charge (%)||1.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.16|
|ISIN||GB00B9JFHW97||Min TopUp (£)||25,000.00|
The fund invests principally in shares of UK-listed companies with the aim of achieving capital growth. A long-term view is taken, with the emphasis on finding undervalued companies with attractive growth prospects. The portfolio targets a total number of stock holdings of around 50. The relatively concentrated nature of the fund requires the manager to have strong conviction in each and every holding.
Mike Felton is manager of the M&G UK Select Fund. He joined M&G from Foreign & Colonial in 2005 as Head of UK Retail Equities and manager of the M&G UK Capital Fund, which later became the M&G UK Select Fund. Mike started his career as a trainee investment analyst with Sun Alliance Investment Management in 1989 and managed his first fund in 1994. He is a graduate in economics from De Montford University.