M&G European Smaller Companies C Ac

Quick Stats

Bid Price - Offer Price -
Mid Price USD 10.40 Day Change USD +0.03 (1.14%)
Price Date 7 Dec 2016 Crown Rating 1
Shares Class Inc. Yield 1.33 %
Total Expense Ratio 0.91 Fund Size 125,000,000.00
Launch Date 30/09/1996 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 GB00BK6MCZ84 Min TopUp (£) 50,000.00

Fund Objective

The fund invests in shares of smaller European companies, with the aim of generating long-term capital growth. The fund is a high-conviction portfolio of between 30 and 60 stocks, focusing primarily on companies which make up the bottom third in terms of total market capitalisation. Stocks are selected based on their individual merits, with a focus on quality businesses where an element of change is helping to drive their value. Crucially, the fund manager will purchase shares in a company when short-term issues have provided a clear valuation opportunity, with a view to holding those shares over the long term.

Fund Managers

John William Olsen
John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Select Fund and M&G Pan European Select Fund in July 2014. He was later appointed manager of the M&G European Select Fund and deputy manager of the M&G European Smaller Companies Fund in July 2016. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.