M&G Global Recovery C Acc USD
|Bid Price||-||Offer Price||-|
|Mid Price||USD 11.18||Day Change||USD -0.10 (-0.66%)|
|Price Date||24 May 2017||Crown Rating|
|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|
|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|
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.
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.