M&G Global Basics C Inc USD

Quick Stats

Bid Price - Offer Price -
Mid Price USD 12.21 Day Change USD 0.02 (-0.51%)
Price Date 21 Feb 2017 Crown Rating 5
Shares Class Inc. Yield 1.94 %
Total Expense Ratio 0.91 Fund Size 2,053,870,000.00
Launch Date 28/02/1973 Standard Initial Charge (%) 3.25
Currency USD ISA Eligible No
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.91
ISIN GB00BK6MB174 Min TopUp (£) 50,000.00

Fund Objective

The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing in sound, well-run companies which are considered to be the beneficiaries of long-term shifts or trends in the global economy. The investment process is a blend of macroeconomic and company analysis focused on identifying those shifts or trends and the selection of the stocks best placed to benefit from them. The fund invests across different countries and companies of varying sizes. A minimum of 70% of the fund is invested in companies that operate in basic industries, such as agriculture and manufacturing, and also in companies that service these industries.

Fund Managers

Jamie Horvat
Jamie Horvat is lead manager of the M&G Global Basics Fund. He also manages the Vanguard Precious Metals and Mining Fund, an institutional mandate, which he has managed since joining M&G in December 2013. Jamie has over 16 years of investment management experience, gained in a variety of mandates covering the resources and precious metals sectors as well as the broader market by sector and market cap. He was previously employed by Canadian asset managers, Sprott Asset Management and AGF Management, as well as Stifel Nicolaus Canada where he was a director in the Metals & Mining practice. Jamie holds a diploma in mechanical engineering technology from Mohawk College and an Honours B Comm (Finance) from McMaster University in Canada.