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M&G Episode Income A Inc

Ranked 2 out of 358 in - Balanced GBP over 12 months
All calculations are in GBP

Managed by

Steven Andrew

As a fund manager at M&G, Steven Andrew is responsible for the M&G Episode Income Fund, which he has run since first becoming a fund manager for the company in 2010. The fund follows a top-down investment style, focusing on macro factors with a behavioural finance overlay. This investment philosophy has allowed the fund to offer returns in various market conditions, and Andrew believes that the fund is robust enough to continue to do so in the future. Andrew studied Financial Economics at the University of London.

Objective

The Fund's aim is to generate a high and rising level of income over time through investment in a diversified range of assets. The fund manager adopts a flexible approach to the allocation of capital between asset classes in response to changes in economic conditions and the valuation of assets. The fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash.

Performance

Balanced GBP over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 9.9% 3.2% 4.0% 0.7% 1.7%
2013 7.2% 7.3% -3.0% 2.2% 0.8%
2012 8.1% 3.0% -0.6% 4.0% 1.4%
2011 6.3% 0.0% 3.0% -0.8% 4.1%
2010 2.5% 2.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2014

Top 10 Holdings

Stock Size
GBP Forward Contract 36.10
US Treasury 2.750% 15-Aug-2042 10.46
M&G Property Portfolio Sterling I Inc 9.04
United Kingdom 4.500% 07-Dec-2042 8.55
Mexico 8.500% 18-Nov-2038 3.04
Australia 5.750% 15-Jul-2022 2.98
New Zealand 5.500% 15-Apr-2023 2.98
South Africa 6.250% 31-Mar-2036 2.96
United Kingdom 4.250% 07-Sep-2039 2.90
Philippines 6.375% 19-Jan-2022 2.84
31/03/2014

Registered For Sale In

  1. Luxembourg
  2. United Kingdom

Fund Info

  • Launch date11/11/2010
  • Share Class size262Mn
  • Base currencyGBP
  • ISIN GB00B4054K09

Purchase Info

  • Min. initial investment50,000
  • Min. additional investment1,000

Charges

  • Annual management1.4%
  • Initial investment4

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).