Fact sheet: M&G Global Recovery

Fund information
Fund name
M&G Global Recovery I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • David Williamssince 17/02/2012
  • Michael Stiasnysince 17/02/2012
Fund objective
The fund aims to deliver long-term capital growth through investment in an internationally diversified portfolio of company shares. The fund manager focuses on businesses that have experienced difficulties, but where a good management team is making a concerted effort to improve shareholder returns, and where he believes the value of the business has been overlooked. Taking a long-term view and developing a constructive dialogue with company management are fundamental to the investment process.
Benchmark
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
32.5%
1 Year rank in sector
13/248
Sector
UT Global
Yield
0.7%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.93%
Fund size
£325m (£232m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
116
Mid price
169.34
Top in this sector
Fund name1 Year
First State Gbl Resrcs79.3%
UBS FTSE RAFI Devlpd 1000 Idx42.6%
Natixis HarsAsGblConcntdEq42.3%
Orbis Gbl Eq42.3%
NFU Mutual Global Growth38.3%
...more in UT Global

Performance snapshot

Holdings snapshot

  • USA46.1%
    UK14.4%
    Hong Kong7.1%
    Germany5.1%
    Denmark4.5%
  • Consumer Discretionary26.7%
    Health Care16.7%
    Financials12.9%
    Information Technology9.8%
    Materials9.1%
  • US Equities46.1%
    UK Equities14.4%
    Hong Kong Equities7.1%
    German Equities5.1%
    Danish Equities4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.2%7%18%32.5%47.7%-
Sector0.1%2.7%14%17.9%31.7%68.9%
Rank within sector27 / 26436 / 26277 / 25713 / 24844 / 226-
Quartile1st1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund31%3.7%5.9%21.6%-
Sector17.2%3.4%6.7%19.7%9.9%
Rank within sector12 / 250129 / 240154 / 226111 / 214-
Quartile1st3rd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.19
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.11
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.78
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.39
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.99
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.61
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.84
Price movement
52 week high171.5
52 week low113.06
Current bid price-
Current offer price-
Current mid price169.34
Region
1USA46.12%
2UK14.41%
3Hong Kong7.06%
4Germany5.13%
5Denmark4.52%
6Australia4.29%
7Canada3.75%
8Malaysia2.64%
9Japan2.25%
Industry sector
1Consumer Discretionary26.67%
2Health Care16.65%
3Financials12.95%
4Information Technology9.76%
5Materials9.12%
6Industrials8.7%
7Energy7.11%
8Consumer Staples4.09%
9Real Estate3.14%
Asset type
1US Equities46.12%
2UK Equities14.41%
3Hong Kong Equities7.06%
4German Equities5.13%
5Danish Equities4.52%
6Australian Equities4.29%
7Canadian Equities3.75%
8Malaysian Equities2.64%
9Japanese Equities2.25%
Individual holdings
1PANDORA AS4.52%
2HUTCHISON CHINA MEDITECH3.6%
3PFIZER INC2.97%
4BP2.93%
5MICROSOFT CORP2.88%
6AIRASIA BHD2.64%
7GW PHARMACEUTICALS2.51%
8GAMESTOP CORP2.38%
9WEYERHAEUSER CO2.2%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver long-term capital growth through investment in an internationally diversified portfolio of company shares. The fund manager focuses on businesses that have experienced difficulties, but where a good management team is making a concerted effort to improve shareholder returns, and where he believes the value of the business has been overlooked. Taking a long-term view and developing a constructive dialogue with company management are fundamental to the investment process.
Benchmark
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Williams17/02/2012David Williams is fund manager of the M&G Global Recovery Fund and deputy fund manager of the M&G Recovery Fund. He joined M&G in January 2004, having graduated from the University of Nottingham with a degree in economics. David worked closely with Tom Dobell as a fund managers' assistant for three years prior to becoming deputy fund manager of the M&G Recovery Fund in September 2008. He is a CFA charterholder.
Michael Stiasny17/02/2012Michael Stiasny joined in 1998 as an equity analyst, becoming head of the pan-European equity research team in January 2005. He was appointed deputy fund manager of the M&G Recovery Fund in January 2011. Michael graduated in philosophy, politics and economics from Oxford University. He is also a CFA charterholder.
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom
M&G Global Recovery A Acc EUR
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price10.5961
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSEO
M&G Global Recovery A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price163.58
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0QRK
M&G Global Recovery A Acc USD
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price10.5061
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSEP
M&G Global Recovery A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price161.62
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0QRL
M&G Global Recovery C Acc EUR
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price10.7109
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSEQ
M&G Global Recovery C Acc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price10.619
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSER
M&G Global Recovery I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price169.34
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0QRM
M&G Global Recovery I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price162.98
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0QRN
M&G Global Recovery R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price179.68
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZES
M&G Global Recovery R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price175.61
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZET
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.