M&G Income Allocation C Q EUR

Quick Stats

Bid Price - Offer Price -
Mid Price EUR 9.71 Day Change EUR +-0.02 (0.30%)
Price Date 20 Jan 2017 Crown Rating
Shares Class Inc. Yield 3.31 %
Total Expense Ratio 0.82 Fund Size 880,206,094.15
Launch Date 07/11/2013 Standard Initial Charge (%) 1.25
Currency EUR ISA Eligible No
Annual Management Charge (%) 0.65 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.82
ISIN GB00BVYJ1C82 Min TopUp (£) 50,000.00

Fund Objective

The fund seeks to deliver an attractive level of income that grows over time by investing globally in a diverse range of assets. The level of income may vary over time. Subject to this, the fund aims to provide capital growth over the long term. The core of the fund comprises company shares and fixed income securities. Exposure to these assets is gained through physical holdings and the use of derivatives. The blend of assets is regularly adjusted depending on where the manager sees the most value and to manage risks.

Fund Managers

Steven Andrew
Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & risk team, before moving to the Multi Asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. In November 2010, Steven was appointed manager of the M&G Episode Income Fund. Three years later, he became manager of the M&G Income Allocation Fund upon its launch. Steven began his career at the Bank of England in 1987 and subsequently worked at F&C Asset Management and Merrill Lynch before joining M&G. He holds a BSc (Hons) degree in financial economics from the University of London.