Quick Stats

Bid Price - Offer Price -
Mid Price GBX 134.51 Day Change GBX +0.16 (0.12%)
Price Date 22 May 2018 Crown Rating 3
Shares Class Inc. Yield 1.72 %
Total Expense Ratio 1.66 Fund Size 592,590,000.00
Launch Date 01/07/2005 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.50 Sector North America
Min Investment (£) 500.00 Total Expense Ratio (%) 1.66
ISIN GB00B0BHJC45 Min TopUp (£) 100.00

Fund Objective

The fund invests in the shares of North American companies that are deemed to be undervalued, with the aim of delivering capital growth over the long term (that is, over five years or more). The fund manager employs a ‘value strategy’ that involves investing in cheap, out-of-favour companies whose share price, in his view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The fund manager seeks to construct a diversified portfolio of 60-100 stocks and has a typical holding period of three to five years.

Fund Managers

Richard Halle
Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. In November 2017 he was also appointed deputy fund manager of the M&G Global Themes Fund. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.
Daniel White
Daniel White joined M&G in 2005 as a sector analyst and has worked closely with Richard Halle on the M&G European Strategic Value Fund since its launch in February 2008. He is deputy fund manager on the fund. In September 2013, Daniel was appointed fund manager of the M&G North American Value Fund. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder.