M&G Global Select A

Worldwide equity portfolio, aiming to maximise long term total return.

  • 380.95p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 778.85p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.68%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 30 March 2020

Fund summary

Sector Global
Structure OEIC
Launched December, 1967
Size £578m
Yield 2.00%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.68%

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Investment process

The Fund aims to maximise long-term total return (the combination of capital growth and income) by investing mainly in a wide range of global equities.

Manager research

Average monthly relative returns

  • 15/16 0.12%
  • 16/17 -0.32%
  • 17/18 -0.14%
  • 18/19 -0.01%
  • 19/20 0.40%

Bestinvest MRI

  • 3 years 0.08%
  • 5 years 0.01%
  • Career -0.01%
  • 3 years 77.00%
  • 5 years 68.40%
  • Career 65.20%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

John William Olsen

Prior to joining M&G in April 2014, Olsen spent 16 years with Danske Capital where he became portfolio manager for the firm’s Global StockPicking and Global Select Funds, as well as its European Select equity strategy in 2002. He joined Danske Capital from Danske Bank in 1998, working first in Danish equities and then global telecommunications and technology equities analysis.

Track record

John William Olsen has 5.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from September 2015 - March 2018) there was a decline of 9% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (August 2018 - December 2018)
Relative -9.00% (September 2015 - March 2018)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 January 2020

6.5% Microsoft Corp
6.5% Wh Smith Plc
5.9% Unitedhealth Group Inc
5% Becton Dickinson & Co
4.8% Manhattan Associates
4.3% Alphabet Inc
3.8% Tiffany & Co
3.6% Novo-Nordisk As
3.6% Schneider Electric Se
3.5% Visa Inc
Source: Trustnet

Sector breakdown

Information Technology 18.00%
Health Care 17.00%
Financials 16.00%
Industrials 13.00%
Consumer Discretionary 10.00%
Communications 9.00%
Consumer Staples 8.00%
Materials 6.00%
Money Market 2.00%
Energy 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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