M&G Episode Macro N USD

Quick Stats

Bid Price - Offer Price -
Mid Price USD 14.18 Day Change USD +0.05 (0.31%)
Price Date 6 Dec 2016 Crown Rating
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 0.19 Fund Size 196,639,351.33
Launch Date 03/06/2010 Standard Initial Charge (%) 0.00
Currency USD ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 50,000,000.00 Total Expense Ratio (%) 0.19
ISIN GB00B5WC3S73 Min TopUp (£) 50,000,000.00

Fund Objective

The fund invests globally across a range of assets with the aim of delivering a higher total return, with lower volatility on average, than global equities over a rolling three- to five-year period. There is no guarantee that the fund will achieve a positive return over this, or any other, period. Exposure is gained predominantly through derivatives to enable the fund to go long or short of any investable asset class and rapidly take advantage of changing market conditions. The approach combines in-depth research to determine the medium- to long-term value of assets, with analysis of investors emotional reaction to events.

Fund Managers

Eric Lonergan
Eric Lonergan joined M&G in 2006 as a member of Dave Fishwick’s Multi Asset team and is manager of the M&G Episode Defensive Fund since launch in September 2012. He is also co-manager of the M&G Episode Macro Fund and the M&G Episode Growth Fund. Prior to joining M&G, Eric was managing director and head of macro research at JP Morgan Cazenove. He has a BA in politics, philosophy and economics from Pembroke College, Oxford, and an MSc in economics from the London School of Economics.