M&G Episode Macro N USD
|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|
|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|
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.
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.