M&G European Smaller Companies C Ac
|Bid Price||-||Offer Price||-|
|Mid Price||USD 12.84||Day Change||USD -0.02 (-0.76%)|
|Price Date||23 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.10 %|
|Total Expense Ratio||0.91||Fund Size||148,930,000.00|
|Launch Date||30/09/1996||Standard Initial Charge (%)||3.25|
|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|
The fund is at least 70% invested in the shares of smaller European companies, with the aim of generating capital growth over the long term (five years or more). The fund generally invests in fewer than 50 stocks, focusing primarily on companies that make up the bottom third of all publically listed firms in Europe, in terms of their stockmarket value. 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.
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.
Michael Oliveros was appointed manager of the M&G European Smaller Companies Fund in January 2016, having co-managed the fund since July 2015. He is also deputy manager of the M&G European Select Fund and the M&G Pan European Select Fund. Michael joined M&G in June 2011 as an analyst on the Leaders team, becoming deputy manager of the Global Leaders Fund in January 2013, a position he held until April 2016. Michael previously worked at Credit Suisse for six years, three of these as the market strategist and head of custom solutions in the HOLT group. Prior to Credit Suisse, he worked as an investment banking associate at Valuemetrics Advisors and as a management consultant at SCA Consulting. Michael graduated from the University of Illinois at Urbana-Champaign in 1998 with a BS in finance, minoring in technology and management. He is a CFA charterholder.