|Bid Price||-||Offer Price||-|
|Mid Price||GBX 904.90||Day Change||GBX +3.22 (0.36%)|
|Price Date||21 Nov 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.80 %|
|Total Expense Ratio||1.67||Fund Size||2,054,950,000.00|
|Launch Date||28/02/1973||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||1.67|
|ISIN||GB0030932346||Min TopUp (£)||100.00|
The Fund aims to provide a higher total return (the combination of capital growth and income) than that of the MSCI All Country World Index over any five-year period.
Jamie Horvat is lead manager of the M&G Global Basics Fund. He also manages the Vanguard Precious Metals and Mining Fund, an institutional mandate, which he has managed since joining M&G in December 2013. Jamie has over 16 years of investment management experience, gained in a variety of mandates covering the resources and precious metals sectors as well as the broader market by sector and market cap. He was previously employed by Canadian asset managers, Sprott Asset Management and AGF Management, as well as Stifel Nicolaus Canada where he was a director in the Metals & Mining practice. Jamie holds a diploma in mechanical engineering technology from Mohawk College and an Honours B Comm (Finance) from McMaster University in Canada.
Randeep Somel is co-manager of M&G Global Basics Fund. He joined M&G in 2005 as a fund managers’ assistant on the M&G Equities team, and later became dedicated analyst on the M&G Global Basics Fund and the Vanguard Precious Metals & Mining Fund. Prior to joining M&G, Randeep worked for State Street in a fund accounting role. He graduated from Birmingham University with a degree in economics in 2003 and is a CFA charterholder.