M&G Pan European Dividend A Inc USD
|Bid Price||-||Offer Price||-|
|Mid Price||USD 8.95||Day Change||USD +-0.01 (0.36%)|
|Price Date||24 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||4.19 %|
|Total Expense Ratio||1.68||Fund Size||106,460,000.00|
|Launch Date||18/07/2008||Standard Initial Charge (%)||4.00|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||1.68|
|ISIN||GB00BK6MC032||Min TopUp (£)||75.00|
The fund aims to deliver a dividend yield (annual income distributed as a percentage of the share price) above that of the market average by investing at least 70% of the fund in a range of European company shares. It also aims to grow income distributions over the long term (that is, over five years or more) and deliver capital growth. The fund invests in the shares of companies with the potential to grow their dividends over the long term. It may invest across a wide range sectors and company sizes. The fund manager selects stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions.
Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G Dividend Fund in July 2013.