|Bid Price||-||Offer Price||-|
|Mid Price||GBX 2,408.94||Day Change||GBX -0.47 (-0.02%)|
|Price Date||17 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.42 %|
|Total Expense Ratio||1.18||Fund Size||39,640,000.00|
|Launch Date||10/05/1968||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||1.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||1.18|
|ISIN||GB0031959256||Min TopUp (£)||100.00|
The fund aims to grow capital from a diversified portfolio of around 60 investment companies offering access to the UK and overseas, investing at least 80% of the fund in investment trust companies listed in the UK. The fund manager invests in those areas and investment vehicles that he believes can deliver the most growth over five years or more. The selection of stocks is based on the investment philosophy and objective of the underlying holdings and the ability of each manager to deliver on them, as well as the valuation of the shares.
Nigel Booth is manager of the M&G European Index Tracker Fund and deputy on the M&G Index Tracker Fund and the M&G Fund of Investment Trusts Shares. Nigel is also head of index funds. Before joining M&G, he was responsible for index/passive funds and derivatives dealing at Insight Investment. Nigel graduated in business studies.
Richard O'Connor joined M&G in 2002 and is manager of the M&G Fund of Investment Trust Shares, the PPL Ethical Fund and a number of index funds. He joined the business from Goldman Sachs where he worked as a consultant. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management in a research analyst role, which he held for more than three years. Richard graduated with a bachelor of commerce degree from the University of Natal and holds an honours degree in investment management from the University of Johannesburg (formerly RAU).