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M&G PAN EUROPEAN SELECT A

M&G PAN EUROPEAN SELECT A - Overview

Overview of M&G PAN EUROPEAN SELECT A

The fund aims to deliver capital growth and income over the long term (that is, five years or more) through a concentrated portfolio of between 25 and 35 holdings from across Europe, including the UK. Stocks are selected based on their individual merits, with a focus on quality businesses where an element of change is helping to drive their value. Crucially, the fund manager will purchase shares in a company when short-term issues have provided a clear valuation opportunity, with a view to holding those shares over the long term.

  • Standard Initial Charge 4.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Europe Including UK
Structure OEIC
Launched September, 1989
Size £147m
Yield 1.3%
Charging basis Capital
Dividends paid 30 Apr, 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 1.69%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 98
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 2
Allocation Proportion(%)
UK 25
Europe 73
North America 2
Japan 0
Pacific 0
Emerging Markets 0
Allocation Proportion(%)
Large Caps 67
Mid Caps 24
Small Caps 9

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) (92.73p) 264.56p
Accum units 586.61p
Fund commentary 01/01/02
Fund data updated on 22/06/21

Asset allocation

Allocation Proportion(%)
Equity 98
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 2

Equity Geographic

Allocation Proportion(%)
UK 25
Europe 73
North America 2
Japan 0
Pacific 0
Emerging Markets 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 67
Mid Caps 24
Small Caps 9

Top 10 holdings

As at: 31/07/2020
6.7% Novo-Nordisk As
6.2% Schneider Electric Se
5.7% Dsv Panalpina As
5.4% Fresenius Medical Care Ag & Co.kgaa
5.3% Nestle Sa
5% Akzo Nobel Nv
4.9% Linde Ag
4.9% Kuehne & Nagel International Ag
4.8% Reckitt Benckiser Group Plc
4.7% Unilever
Source: Trustnet

Sector breakdown

Industrials 23%
Health Care 18%
Consumer Staples 15%
Materials 11%
Consumer Discretionary 11%
Information Technology 8%
Financials 6%
Energy 4%
Communications 4%
Money Market 1%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
16/17 17/18 18/19 19/20 20/21   3 years 5 years Career 3 years 5 years Career
-0.23% -0.08% -0.08% 0.36% 0.03%   0.11% 0.00% -0.01% 81.10% 66.70% 66.60%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

John William Olsen

Manager. 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 6.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. 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 15%.

Periods of worst performance
Absolute -15% (January 2020 - March 2020)
Relative -9% (September 2015 - March 2018)

Other funds managed

Sector record since July 2014 (7 yrs)




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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