M&G European Strategic Value Fund I Acc

Buy/Sell Price  (as of 20/10/2016) £1.851   Day Change :  0.63%     Fund Code:  MGUVA 

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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Richard Halle joined M&G in 1999 as an investment analyst specialising in the insurance sector. Since 2002, he has been a member of the European equities team and in 2008 he was appointed fund manager of the M&G European Strategic Value Fund. Richard also manages various institutional value-based European equities mandates. 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 joined M&G in 2005 as a sector analyst covering banks. He was appointed dedicated analyst for the M&G European Strategic Value Fund upon its launch in February 2008, and subsequently became deputy fund manager and finally co-manager in 2011. 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.
Investment HouseM&G
Fund ProviderM&G Group
ManagerRichard Halle   Biography
ManagerDaniel White   Biography

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.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £1.87
12-Month NAV Low £1.40
Fund Comparative IndexMSCI Europe NR USD
Morningstar CategoryTMEurope Large-Cap Value Equity
Dividend FrequencyYearly
Historic Yield1.67%

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall4 star
3 Years5 star
5 Years4 star
10 YearsN/A

Growth of £1000 Help

 as of  20/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

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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