M&G Income Allocation B Q Inc

Quick Stats

Bid Price - Offer Price -
Mid Price EUR 10.75 Day Change EUR +-0.00 (0.94%)
Price Date 26 May 2017 Crown Rating
Shares Class Inc. Yield 3.39 %
Total Expense Ratio 2.19 Fund Size 922,454,770.10
Launch Date 07/11/2013 Standard Initial Charge (%) 1.25
Currency EUR ISA Eligible No
Annual Management Charge (%) 2.00 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 2.19
ISIN GB00BYQRC069 Min TopUp (£) 75.00

Fund Objective

The fund aims to provide a growing level of income over three years through investment in a range of assets from around the world. Subject to this, the fund aims to grow capital over the long term (that is, time periods of five years or more). The core of the fund comprises company shares and fixed income securities. It may also invest in derivatives. The holdings in different asset classes will be adjusted regularly according to where the fund 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.