M&G Managed Growth A Inc


Buy/Sell Price  (as of 20/10/2017) £1.1179   Day Change :  0.18%     Fund Code:  MGMDI 

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

David Fishwick is Head of Macro and Equities Investment at M&G Investments and co-fund manager of the M&G Episode Macro Fund. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds. In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, a Cayman Islands-registered fund was launched in 2005, followed by the M&G Episode Macro Fund in 2010, both following the same strategy. Dave has a BSc in economics from Brunel University, London.

Biography

Investment HouseM&G
Fund ProviderM&G Group
ManagerDave Fishwick   Biography
ManagerCraig Moran  

Fund Objective 'The Fund's objective is to achieve long term capital growth.The Fund is an actively managed fund investing predominantly in collective investment schemes in order to provide a well diversified exposure to global equities.The Fund may also invest in other collective investment schemes and directly in securities,fixed income assets,warrants,money market instruments,deposits,cash.near cash and derivatives for the purposes of efficient portfolio management.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB0031960692
12-Month NAV High £1.12
12-Month NAV Low £0.92
Fund Comparative Index -
Morningstar CategoryTMGBP Adventurous Allocation
Dividend FrequencyTwice Yearly
Historic Yield1.38%

Annual Charges

Morningstar ratings

 as of  30/09/2017
Overall3 star
3 Years5 star
5 Years2 star
10 Years3 star

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

Growth of £1000 Help

 as of  20/10/2017

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-10.90-4.30-6.1110.0810.80
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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