M&G (Lux) European Strategic Value Fund

ISIN
LU1670707527

Price (22.01.2019)
9.04

% Price Change
-0.40

Objective and investment policy

Objective

The fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the European stockmarket over any five-year period.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in a value-style portfolio of shares in companies across any sector and of any size that are domiciled, or conducting the major part of their economic activity, in Europe.

Other investment: The fund also holds cash or assets that can be turned quickly into cash.

Strategy in brief: The fund employs a ‘value’ strategy, investing in cheap, out-of-favour companies whose share price, in the investment manager’s view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The main drivers of returns are expected to be the value style and overall stock selection rather than any individual sector or stock.

Performance comparator: The fund is actively managed. The MSCI Europe Index is a point of reference against which the performance of the fund may be measured.

Risk indicator

Performance

Fund Team

Richard Halle

Richard Halle - Fund manager

Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. In November 2017 he was also appointed deputy fund manager of the M&G Global Themes Fund. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.

 Team member biography
Daniel White

Daniel White - Deputy Manager

Daniel White joined M&G in 2005 as a sector analyst and has worked closely with Richard Halle on the M&G European Strategic Value Fund since its launch in February 2008. He is deputy fund manager on the fund. In September 2013, Daniel was appointed fund manager of the M&G North American Value Fund. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder.

 Team member biography
Alex Jones

Alex Jones - Investment specialist

Alex Jones is the investment specialist responsible for the Value team and he also supports the Income franchise. Alex initially joined M&G as part of the Investment Graduate Scheme in 2013, having graduated from the University of Bath with a degree in business administration. As part of the Graduate scheme, Alex had rotated throughout the different investment teams at M&G, including property, fixed income and equities. Alex is IMC qualified and is working towards a CFA charter holding.

 Team member biography

Ratings

Rating is at a share class level

4 Star Rating

Ratings as at 30/11/2018. 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.

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