M&G European Strategic Value I Acc
Latest (Mid) Price:
GBX 199.24
Day Change:
-2.62%
| Shares Class | Inc. |
|---|---|
| Yield | 1.84 |
| Total Expense Ratio | 0.91 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 2,138,130,000.00 | Launch Date | 01/02/2008 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | No | Annual Management Charge (%) | 0.75 |
| Sector | IMA UK Equity Income | Min Investment (£) | 500,000.00 | Total Expense Ratio (%) | 0.91 |
| ISIN | GB00B28XT308 | Min Topup (£) | 10,000.00 | Ongoing Charge (%) | 0.9100 (on 31/07/2018) |
Fund Objective
The Fund aims to maximise long term total return (the combination of income and growth of capital) to investors by investing predominantly in undervalued European equities.
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.
Asset Breakdown
| Name | Weight |
|---|---|
| Dutch Equities | 6.90% |
| Finnish Equities | 5.90% |
| French Equities | 12.40% |
| German Equities | 12.80% |
| Irish Equities | 3.80% |
| Money Market | 6.50% |
| Norwegian Equities | 3.60% |
| Others | 14.50% |
| Swiss Equities | 8.40% |
| UK Equities | 25.20% |
Region Breakdown
| Name | Weight |
|---|---|
| Austria | 1.99% |
| Belgium | 0.85% |
| Denmark | 1.87% |
| Finland | 5.92% |
| France | 12.38% |
| Germany | 12.77% |
| Ireland | 3.80% |
| Italy | 2.13% |
| Money Market | 6.52% |
| Netherlands | 6.92% |
| Norway | 3.62% |
| Spain | 2.48% |
| Sweden | 3.54% |
| Switzerland | 8.36% |
| Turkey | 0.37% |
| UK | 25.21% |
| USA | 1.28% |
Sector Breakdown
| Name | Weight |
|---|---|
| Consumer Discretionary | 10.70% |
| Consumer Staples | 5.60% |
| Energy | 14.10% |
| Financials | 16.10% |
| Health Care | 13.20% |
| Industrials | 14.30% |
| Information Technology | 4.70% |
| Materials | 7.20% |
| Money Market | 6.50% |
| Real Estate | 1.10% |
| Telecommunications Utilities | 4.60% |
| Utilities | 1.90% |
Top 10 Holdings
| Name | Weight |
|---|---|
| NOVARTIS AG | 3.50% |
| BP | 3.40% |
| ROCHE HLDG AG | 3.40% |
| TOTAL SA | 3.40% |
| ROYAL DUTCH SHELL | 2.60% |
| SECURITAS AB | 2.40% |
| VOLKSWAGEN AG | 2.40% |
| ASTRAZENECA PLC | 2.10% |
| BAYER AG | 1.90% |
| NOKIA CORP | 1.90% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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