M&G European Corporate Bond CH Inc
|Bid Price||-||Offer Price||-|
|Mid Price||USD 10.32||Day Change||USD -0.00 (-0.29%)|
|Price Date||21 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.28 %|
|Total Expense Ratio||0.68||Fund Size||2,048,020,000.00|
|Launch Date||13/01/2003||Standard Initial Charge (%)||1.25|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.68|
|ISIN||GB00BK6MBK66||Min TopUp (£)||50,000.00|
The fund aims to provide income and grow capital while providing more income than that from European government bonds with similar final repayment dates. At least 70% of the fund is invested in high-quality bonds issued in any European currency. The fund manager can also invest part of the portfolio in other fixed income securities, such as government bonds. Exposure to these assets is gained through direct holdings and the use of derivatives. An in-house team of independent credit analysts assists the fund manager in the selection of individual bond issues and with the monitoring of names held by the fund.
Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.