M&G Optimal Income Fund
Richard Woolnough
Fund manager: Richard Woolnough
Products available: ISA & OEIC
The fund aims to provide a total return to investors based on exposure to optimal income streams in investment markets.
The Fund aims to provide a total return to investors through strategic asset allocation and specific stock selection. The Fund will be at least 50% invested in debt instruments, but may also invest in other assets including collective investment schemes, money market instruments, cash, near cash, deposits, equities and derivatives. Derivative instruments may be used for both investment purposes and efficient portfolio management.
There are three share classes available for investment.
Sterling Class A Shares have an initial charge of 4%, an annual management charge of 1.25% and a minimum initial investment size of £1,000.
Sterling Class X Shares have no initial charge, a reducing redemption charge, an annual management charge of 1.5% and a minimum initial investment size of £1,000.
Sterling Class I Shares have an initial charge of 1.25%, an annual management charge of 0.75% and a minimum initial investment size of £100,000.
The Fund has a nominated share class, Sterling Class A Shares. On application you will be allocated the nominated share class, subject to the following exceptions:
Richard joined M&G in January 2004 and is a fund manager on the fixed interest desk.
On leaving university he joined Lloyds merchant bank as a trainee gilt salesman. Following the ‘big bang' he moved on to join Prudential-Bache securities as a gilt salesman. Richard then moved across to the fund management arena in 1987, he joined Assicurazioni Generali, Italy's largest insurance company, as a manager of equities and Sterling bonds. In 1993 he joined S.G. Warburg as a member of their sterling bond trading team where he was given responsibility for the most heavily traded sector. Richard moved out of London to join Old Mutual in 1995 where he was recruited to run a Sterling based annuity portfolio. He was instrumental in the planning, launch and for the running of the successful Old Mutual Corporate Bond fund from launch in the summer of 2000.
Richard gained a degree in economics from the London School of Economics between 1982 and 1985.
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.