M&G Episode Macro N USD

Quick Stats

Bid Price - Offer Price -
Mid Price USD 14.93 Day Change USD +-0.05 (0.86%)
Price Date 26 May 2017 Crown Rating
Shares Class Inc. Yield 0.00 %
Total Expense Ratio 0.18 Fund Size 273,260,000.00
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 (%) 0.18
ISIN GB00B5WC3S73 Min TopUp (£) 50,000,000.00

Fund Objective

The fund aims to deliver a higher total return (the combination of income and growth of capital) with smaller fluctuations in returns on average, than company shares from around the world, over rolling periods of three to five years. The fund managers follow a highly flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through derivatives.

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.