M&G Income Allocation AH Inc USD
|Bid Price||-||Offer Price||-|
|Mid Price||USD 10.65||Day Change||USD +0.03 (1.25%)|
|Price Date||29 Mar 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.42 %|
|Total Expense Ratio||1.69||Fund Size||891,516,315.32|
|Launch Date||07/11/2013||Standard Initial Charge (%)||4.00|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||1.69|
|ISIN||GB00BZ03LZ55||Min TopUp (£)||75.00|
The fund aims to provide a growing level of income 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.
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.