M&G European Strategic Value C Acc
|Bid Price||-||Offer Price||-|
|Mid Price||USD 9.32||Day Change||USD +0.15 (1.21%)|
|Price Date||5 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||1.56 %|
|Total Expense Ratio||0.92||Fund Size||1,161,200,000.00|
|Launch Date||01/02/2008||Standard Initial Charge (%)||1.25|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.92|
|ISIN||GB00BK6MCX60||Min TopUp (£)||50,000.00|
The fund is invested principally in the shares of European (including UK) companies that are deemed to be undervalued, with the aim of maximising long-term total return. It is an actively managed fund where the selection of stocks is driven by in-depth analysis of individual companies. The fund manager takes a long-term view and seeks to identify companies that are out of favour and whose potential value, in his view, is yet to be reflected in the share price.
Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.