M&G Global Recovery C Acc USD

Quick Stats

Bid Price - Offer Price -
Mid Price USD 11.18 Day Change USD -0.10 (-0.66%)
Price Date 24 May 2017 Crown Rating 5
Shares Class Inc. Yield 0.61 %
Total Expense Ratio 0.94 Fund Size 329,830,000.00
Launch Date 17/02/2012 Standard Initial Charge (%) 1.25
Currency USD ISA Eligible No
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.94
ISIN GB00BYRJNP32 Min TopUp (£) 50,000.00

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.