Provider M&G Product M&G Cazenove Fund of Funds Balanced Portfolio The Fund's aim is ...
M&G Cazenove Fund of Funds
The Fund's aim is to maximise total return (the combination of income and growth of capital) through investment anywhere in the world, with a core in the UK.
The Fund aims to provide long-term capital growth through investment anywhere in the world, with a core in the UK.
UK Growth Portfolio
The Fund's sole aim is to achieve long-term capital growth through investment, totally in the UK, using the FTSE All-Share Index as a benchmark.
4% initial charge discounted to 3% until tax year end.
Stock Exchange reference number
3232714 UK Growth
Open Ended Investment Company
This is an Oeic.
IMA general sector
Balanced Portfolio - Balanced Managed
Growth Portfolio ' Active Managed
UK Growth Portfolio ' UK All Companies
Fund is passively managed
No. This is an actively managed fund.
Fund invests in other funds
This is an external (unfettered) fund of funds.
Fund Manager and career
Cazenove Investment Management Ltd is the investment manager for the funds. Mark Harries is head of Cazenove's MultiManager team. Mark joined Cazenove at the beginning of 2001, having previously been a Vice President and Head of Asset Management at Prudential Bache International Bank. Mark is both a Fellow of the Securities Institute and an Associate of the Chartered Institute of Bankers and has a total of 17 years investment experience.
Year fund manager started managing this fund
2003 (since launch)
Fund launch date
The fund launch date is 31 January 2003.
Initial Commission %
Initial commission is 3%.
Renewal Commission %
Renewal commission is 0.5%.
Minimum single lump sum investment
The minimum single investment is £1000.
Min additional investment (£)
There is a minimum additional premium of £100.
Minimum monthly premium (£)
There is no monthly savings plan available for direct OEIC investments. ISA investors may still make monthly contributions.
Initial charge (%)
The initial charge is 4%.
Secondary share class with no initial charge available for OEIC investments.
Annual management charge (% pa)
There is a 1.5% annual management charge. Secondary share class with 2% AMC available for OEIC investments.
Annual charge deducted from income or capital
The AMC is deducted from the Income.
Exit charge for early redemption
There is no exit charge.
Secondary share class with exit charge available for OEIC investments.
Discount terms available
There are discount terms available.
Share exchange scheme available
There is a share exchange scheme available.
Capital protected fund
There is no capital protection.
Transfer PEP status of fund
The fund is qualifying for PEP Transfer status.
ISA status of fund
The fund is available for ISA status.
Dealing at previously fixed price
The fund is not historically priced.
Dealing at a price yet to be fixed
The fund is forward priced at noon.
Contract notes issued for registration purposes
The units are non-certificated. Frequency of dividends
There are two dividend payments per annum for Balanced, one per annum for Growth and UK Growth.
Dividend paid in March and September for Balanced, dividend paid in March for Growth and UK Growth.
Provider's web site
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation