Quick Stats

Bid Price - Offer Price -
Mid Price GBX 458.69 Day Change GBX +0.79 (0.17%)
Price Date 20 Oct 2017 Crown Rating 4
Shares Class Inc. Yield 0.72 %
Total Expense Ratio 1.68 Fund Size 296,340,000.00
Launch Date 29/09/1989 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.50 Sector IMA UK Equity Income
Min Investment (£) 500.00 Total Expense Ratio (%) 1.68
ISIN GB0031950883 Min TopUp (£) 100.00

Fund Objective

The fund is at least 70% invested in the shares of European companies (including the UK), with the aim of delivering capital growth and income over the long term (five years or more). The fund is a concentrated portfolio of between 25 and 35 holdings. Stocks are selected based on their individual merits, with a focus on quality businesses where an element of change is helping to drive their value. Crucially, the fund manager will purchase shares in a company when short-term issues have provided a clear valuation opportunity, with a view to holding those shares over the long term.

Fund Managers

John William Olsen
John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Select Fund and M&G Pan European Select Fund in July 2014. He was later appointed manager of the M&G European Select Fund and deputy manager of the M&G European Smaller Companies Fund in July 2016. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.
Michael Oliveros
Michael Oliveros was appointed manager of the M&G European Smaller Companies Fund in January 2016, having co-managed the fund since July 2015. He is also deputy manager of the M&G European Select Fund and the M&G Pan European Select Fund. Michael joined M&G in June 2011 as an analyst on the Leaders team, becoming deputy manager of the Global Leaders Fund in January 2013, a position he held until April 2016. Michael previously worked at Credit Suisse for six years, three of these as the market strategist and head of custom solutions in the HOLT group. Prior to Credit Suisse, he worked as an investment banking associate at Valuemetrics Advisors and as a management consultant at SCA Consulting. Michael graduated from the University of Illinois at Urbana-Champaign in 1998 with a BS in finance, minoring in technology and management. He is a CFA charterholder.