Fund manager: Nigel Booth
Products available: ISA, OEIC & Savings Plan
The Fund is designed to track the FTSE World Europe ex. UK Index*.
To achieve the same performance as the index, the Fund uses a technique called stratified sampling. There are two aspects to this technique. First, the fund replicates approximately 80% of the index by market capitalisation. Second, it holds a representative sample of the remaining companies in the index to ensure that the Fund’s capitalisation and industry weights are in line with index weightings.
Nigel joined the Equity Structured Products desk in August 2003 as Head of Index Funds and is responsible for passive funds and low risk active funds.
Nigel started his career in the City in 1983 working in the research department of the stock-jobbing firm Wedd Durlacher Mordaunt, which subsequently merged with Barclays Merchant Bank and De Zoete & Bevan, forming BZW. In 1988 he left BZW joining the Investment Management arm of Equitable Life Assurance Society working as an Analyst / Fund Manager, initially covering larger companies but later specialising in Mid Cap stocks. Nigel joined Clerical Medical Investment Management (now Insight Investment) in April 2001, where he was responsible for passive funds, and derivatives dealing, including futures, index options and contracts for difference.
He graduated from Kingston Polytechnic with an upper second class degree in Business Studies in 1983 and passed the Stock Exchange Practice examination in November 1984.
In addition to the fund data that can be found by accessing the menu to the left of this page you may also wish to read the fund key features document which contains further fund information.
* The shares in the M&G European Index Tracker Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (‘FTSE’) or by the London Stock Exchange Limited (‘the Exchange’) or by The Financial Times Limited (‘FT’) and neither FTSE nor the Exchange nor FT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE World Europe ex UK Index (‘the Index’) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE. However, neither FTSE nor the Exchange nor FT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE nor the Exchange nor FT shall be under any obligation to advise any person of any error therein. ‘FTSE™’, ‘FT-SE®’ and ‘Footsie®’are trademarks of the London Stock Exchange Limited and The Financial Times Limited and are used by FTSE International Limited under Licence. ‘FTSE World Europe ex UK Index’ is a trademark of FTSE International Limited.’’