M&G (Lux) Global Dividend Fund

ISIN
LU1670710075

Price (22.01.2019)
9.55

% Price Change
-0.12

Objective and investment policy

Objective

The fund has two aims:
- to provide a combination of capital growth and income to deliver a return that is higher than that of the global stockmarket over any five-year period;
- to increase the income stream every year in US dollar terms.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in the shares of companies across any sector and of any size that are domiciled in any country, including emerging markets*. The fund usually holds shares in fewer than 50 companies.

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

* Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World Bank’s definition of developing economies, as updated from time to time.

Strategy in brief: The investment manager focuses on companies with the potential to grow their dividends over the long term. The investment manager selects stocks with different sources of dividend growth to build a fund that has the potential to cope in a variety of market conditions.

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

Glossary terms

Dividends: A share in the profits of a company paid out to the shareholders at set times of the year.

Risk indicator

Performance

Fund Team

Stuart Rhodes

Stuart Rhodes - Fund manager

Stuart Rhodes has been the manager of the M&G Global Dividend Fund since its launch in July 2008 and the manager of the Luxembourg-domiciled M&G (Lux) Global Dividend Fund since its launch in December 2018. He was appointed deputy manager of the M&G North American Dividend Fund in April 2015, of the M&G (Lux) North American Dividend Fund in November 2018 and of the M&G Global Themes Fund in January 2019. Stuart joined M&G in 2004 as a global equity analyst after graduating from Bath University with a degree in business administration. He is a CFA charterholder.

 Team member biography

Alex Araujo - Deputy Manager

Alex Araujo has been manager of the M&G Global Listed Infrastructure Fund and the Luxembourg-domiciled M&G (Lux) Global Listed Infrastructure Fund since they launched in October 2017, and was appointed manager of the M&G Global Themes Fund in January 2019. Alex initially joined M&G’s income team in July 2015 and became co-deputy manager of the M&G Global Dividend Fund in April 2016. Alex has 25 years of experience in financial markets, having previously worked at UBS and BMO Financial Group. He graduated from the University of Toronto with an MA in economics and is a CFA charterholder.

 Team member biography
John Weavers

John Weavers - Deputy Manager

John Weavers has been the fund manager of the M&G North American Dividend Fund since April 2015. In January 2016, he was appointed deputy fund manager of the M&G Global Dividend Fund before being joined by Alex Araujo as co-deputy fund manager in April 2016. John is also the deputy fund manager for the M&G Global Listed Infrastructure Fund and the M&G (Lux) Global Listed Infrastructure Fund which were launched in October 2017. Prior to April 2015, John was deputy fund manager of the M&G Pan European Dividend Fund and the M&G Dividend Fund for two years. John joined M&G as a graduate in 2007 and worked as an analyst in the Equity Research team before joining the Income team in January 2012. He graduated from Oxford University with an honours degree in politics, philosophy and economics 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

Rating is at a fund level

Silver Standard

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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