M&G Prudent Allocation B Inc
|Bid Price||-||Offer Price||-|
|Mid Price||EUR 10.86||Day Change||EUR -0.03 (-0.04%)|
|Price Date||24 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.91 %|
|Total Expense Ratio||2.09||Fund Size||634,896,291.28|
|Launch Date||23/04/2015||Standard Initial Charge (%)||1.25|
|Annual Management Charge (%)||1.90||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||2.09|
|ISIN||GB00BYQRC408||Min TopUp (£)||75.00|
The fund invests in a flexibly managed portfolio of assets invested around the world, with the aim of delivering capital growth and income over any three-year period, although this is not guaranteed. The fund managers follow a highly flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through derivatives.
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.