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M&G PROPERTY RETAIL GBP - Fund overview

No Bestinvest rating


Overview of M&G PROPERTY RETAIL GBP

An Offshore commercial property fund which offers daily dealing. The fund is managed by the M&G Group through its subsidiary, Prudential Property Investment Managers Limited (PruPIM), one of the largest commercial property investors in the UK. The fund benefits from a disciplined investment approach as well as an experienced management team and should be considered as a core property investment.

Standard Initial Charge

5.00% 1.00%

Fund summary

Sector  –
Product type  OFFSHORE FUND
Launched  March, 2004
Size  £260m
Yield 3.7%
Charging basis  –
Dividends paid  Aug,Nov, Feb,May
Bid price 658.80p

Fund Charges

Standard Initial charge 5.00%
Initial charge via Bestinvest 1.00%
Additional bid/offer spread 0.25%
Annual management charge 1.25%
Total expense ratio 1.54%
Reduction in yield (10yr) 1.66%

Bestinvest says


No information available.

Portfolio

m&g property retail gbp asset allocation illustration
Allocation Proportion
Equity
High yield bonds
Quality bonds
Property 100%
Commodities
Hedge
Fund cash
m&g property retail gbp equity geographic illustration
Allocation Proportion
UK 100%
Europe
Nth America
Japan
Pacific
Other Equity

No data available.

Investment process


The fund invests primarily in a diversified portfolio of commercial property and seeks to add value through strategic asset selection, stock selection and asset management. This investment process is a combination of top down and bottom up research. The research team produce market forecasts on a quarterly basis and this information gives the fund manager guidance on sectors and regions. Around 1,500 to 2,500 new properties are screened annually by Prudential (the underlying managers) and prospective properties are analysed through a number of bespoke valuation models. The strategy is continually reviewed with importance particularly placed on: tenant exposure, lease expiry profiles, vacancies (current and potential) and liquidity.
The fund has an offshore unit trust structure, domiciled in Guernsey, enabling it to be 100% invested in commercial property.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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