M&G Episode Balanced Fund update

Posted by Jason Chapman in Fund and industry updates category on 24 Sep 14


With effect from 3 November 2014, the M&G Episode Balanced Fund will be called the "M&G Episode Allocation Fund".

M&G believe that "Allocation" more accurately describes the Fund's approach to asset allocation, which is more active than is usually associated with traditional balanced funds.  There is no change to the Fund's objective and policy which includes a 60% maximum limit on equities in the portfolio.

All costs associated with changing the name will be borne by M&G Securities Limited.

In addition, the Annual management Charge on the Fund's Sterling Class I Shares will be reduced.  As a result, the ongoing charge (as shown on the KIID) will decrease from 0.93% to an estimated 0.88%.