|Bid Price||-||Offer Price||-|
|Mid Price||USD 10.92||Day Change||USD -0.06 (-0.85%)|
|Price Date||27 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.24 %|
|Total Expense Ratio||1.69||Fund Size||942,100,000.00|
|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 generate a growing level of income over the medium term through investment in a range of global assets. The Fund also aims to provide capital growth over the long term.
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.
Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund. In November 2013 and April 2015, he was also appointed deputy manager of the M&G Income Allocation Fund and co-manager of the M&G Prudential Allocation Fund respectively upon their launches. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.