M&G Episode Allocation Fund I Inc


Buy/Sell Price  (as of 05/12/2016) £12.425   Day Change :  0.21%     Fund Code:  MGEDI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.

Biography

Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and, before that as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. In January 2011, Juan was appointed co-manager of the M&G Managed Fund, the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.
Investment HouseM&G
Fund ProviderM&G Group
ManagerTony Finding   Biography
ManagerJuan Nevado   Biography

Fund Objective The Fund's objective is to maximise long-term total return (the combination of income and growth of capital) through investment in a well diversified range of asset types. Subject to this, the Fund aims to grow income in the long term. Policy for achieving objective: The fund manager adopts a flexible approach to the allocation of capital between asset classes in response to changes in economic conditions and the valuation of assets. Central to this approach is the identification of episodes, which are periods of time during which, in the fund manager's view, asset prices become over- or under-stated, relative to objective valuation measures, due to the emotional reaction of investors to events. These episodes can exist over both the short and medium term.The Fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B71QKV66
12-Month NAV High £12.56
12-Month NAV Low £10.38
Fund Comparative Index -
Morningstar CategoryTMGBP Moderate Allocation
Dividend FrequencyQuarterly
Historic Yield1.89%

Annual Charges

Morningstar ratings

 as of  31/10/2016
Overall3 star
3 Years3 star
5 Years3 star
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  05/12/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
0.900.454.10-1.44-2.89
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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