Fund manager: Richard Hughes
Products available: ISA, OEIC & Savings Plan
The Fund invests mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).
The Fund aims to have a broadly diversified portfolio through a mixture of equities and bonds. The equity component of the Fund has a bias towards good value, high yielding, out of favour stocks.
Richard Hughes joined M&G in 1986. Richard is a UK equity income fund manager having responsibility for the management of approximately £2.6bn. He is Director of Investment Trusts, with overall fund management responsibility for the four investment trust portfolios that M&G currently manages.
He previously worked for Derbyshire County Council for eight years where he was manager of its pension fund.
Richard graduated from Sheffield University with an Honours degree in Accounting and Economics. He is an associate of UKSIP.
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.