European Select Fund

ISIN
GB0030929078

Price (15.02.2019)
17.89

% Price Change
-0.07

Objective and investment policy

Objective

The fund aims to grow capital over five years or more by investing mainly in a range of company shares from across Europe, excluding the UK.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in the shares of European companies. Currently, the fund is invested in the shares of a limited number of companies.

Other investments: The fund also invests in companies outside Europe, but only if these companies earn revenue from business activities within Europe.

Strategy in brief: The fund manager invests in the shares of companies deemed to be of quality and with sustainable business models, where an element of change is helping to drive their value, and short-term issues have created attractive buying opportunities.

The fund manager keeps the fund concentrated, generally holding fewer than 40 well-understood stocks, with a typical holding period of at least three years. The fund may invest across a wide range of industries and company sizes. The fund manager maintains a balance of stocks with different risks and rewards to build a fund that has the potential to cope in a variety of market conditions. Income is not a top priority when choosing investments.

Risks associated with the fund

The value of investments and the income from them will rise and fall. This will cause the fund price, as well as any income paid by the fund, to fall as well as rise. There is no guarantee the fund will achieve its objective, and you may not get back the amount you originally invested.

This fund holds a relatively small number of investments and, as a result, may experience larger price rises and falls than a fund which holds a larger number of investments.

Changes in currency exchange rates will affect the value of your investment.

Where market conditions make it hard to sell the fund’s investments at a fair price to meet customers’ sale requests, we may temporarily suspend dealing in the fund’s shares.

Some transactions the fund makes, such as placing cash on deposit, require the use of other financial institutions (for example, banks). If one of these institutions defaults on their obligations or becomes insolvent, the fund may incur a loss.

Other information

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash. 

Performance

Fund Team

Phil Cliff

Phil Cliff - Fund manager

Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G Dividend Fund in July 2013. Phil was previously Head of European equities at Occam Asset Management and prior to that managed European equity portfolios at Threadneedle, where he was AA-rated by Citywire.

 Team member biography
Sam Ford

Sam Ford - Deputy Manager

Sam Ford was appointed fund manager of the M&G UK Select Fund in January 2017. He is also deputy manager of the M&G Pan European Dividend Fund, M&G Dividend Fund and M&G UK Income Distribution Fund since February 2015. Sam initially joined M&G in 2014 as a dedicated analyst to the Income team. Prior to M&G, Sam worked at Alliance Trust, most recently as an investment manager with the Global Equities team. Sam graduated from the University of Strathclyde with a masters degree (merit) in chemical & process engineering and is a CFA charterholder.

 Team member biography
Kotaro Miyata

Kotaro Miyata - Investment specialist

Kotaro Miyata is the investment specialist providing support for M&G's equity income range including M&G Global Dividend Fund, M&G North American Dividend Fund, M&G Pan European Dividend Fund and M&G Dividend Fund. Prior to joining M&G in 2006, he was a fund manager at Invesco Asset Management, where he was responsible for European and UK equities within the Global Equities team. Kotaro holds the Securities Institute Diploma and graduated from Oxford University in 1994 with a degree in classics.

 Team member biography

Ratings

Rating is at a share class level

3 Star Rating

Ratings as at 31/12/2018. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

Need further information?

Cyveillance Protected



For Investment Professionals only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website. Content should therefore be shared responsibly with other investment professionals. The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.