M&G Global Recovery A Acc EUR

Quick Stats

Bid Price - Offer Price -
Mid Price EUR 10.97 Day Change EUR +0.11 (1.15%)
Price Date 22 Feb 2017 Crown Rating 5
Shares Class Inc. Yield 0.08 %
Total Expense Ratio 1.93 Fund Size 328,320,000.00
Launch Date 17/02/2012 Standard Initial Charge (%) 4.00
Currency EUR ISA Eligible No
Annual Management Charge (%) 1.75 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 1.93
ISIN GB00BYRJNL93 Min TopUp (£) 75.00

Fund Objective

The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing at least 80% of the fund in a globally diversified portfolio of company shares. The fund manager focuses on businesses that have experienced difficulties, but where a good management team is making a concerted effort to improve shareholder returns, and where he believes the value of the business has been overlooked. Taking a long-term view and developing a constructive dialogue with company management are fundamental to the investment process.

Fund Managers

Michael Stiasny
Michael Stiasny joined in 1998 as an equity analyst, becoming head of the pan-European equity research team in January 2005. He was appointed deputy fund manager of the M&G Recovery Fund in January 2011. Michael graduated in philosophy, politics and economics from Oxford University. He is also a CFA charterholder.