M&G Global Select A

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

  • 447.62p Price (Inc)
  • 915.16p Price (Acc)
  • 4.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.68% Ongoing charges
  • 1.70% Yield

Prices as at 06 December 2019

Fund summary

Sector Global
Structure OEIC
Launched December, 1967
Size £554m
Yield 1.70%
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

  • 14/15 0.24%
  • 15/16 -0.57%
  • 16/17 -0.02%
  • 17/18 -0.10%
  • 18/19 0.12%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years -0.07%
  • Career -0.09%
  • 3 years 63.70%
  • 5 years 52.80%
  • Career 47.20%

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 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. 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.

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Top 10 holdings

Data accurate as at 31 August 2019

6.7% Microsoft Corp
5.5% Wh Smith Plc
5.5% Unitedhealth Group Inc
5% Manhattan Associates
5% Becton Dickinson & Co
4.8% Ball Corp
4.6% Alphabet Inc
4.3% Novo-Nordisk As
3.8% Tokio Marine Hldgs Inc
3.5% Visa Inc
Source: Trustnet

Sector breakdown

Information Technology 18.00%
Financials 16.00%
Health Care 15.00%
Industrials 13.00%
Consumer Staples 9.00%
Communications 9.00%
Consumer Discretionary 8.00%
Materials 8.00%
Money Market 2.00%
Energy 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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