Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

M&G Income Allocation EUR A Acc

Ranked 275 out of 2146 in - Flexible EUR over 12 months
All calculations are in EUR unless stated

Managed by

Steven Andrew

As a fund manager at M&G, Steven Andrew is responsible for the M&G Episode Income Fund, which he has run since first becoming a fund manager for the company in 2010. The fund follows a top-down investment style, focusing on macro factors with a behavioural finance overlay. This investment philosophy has allowed the fund to offer returns in various market conditions, and Andrew believes that the fund is robust enough to continue to do so in the future. Andrew studied Financial Economics at the University of London.


The fund aims to generate a growing level of income over the medium term through investment in a range of global assets. The fund also aims to provide capital growth over the long term. The Fund can invest in transferable securities such as equities and fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash.

Showing fund performance globally. You can view performance in individual jurisdictions.


Flexible EUR over : 28/02/2017 - 28/02/2018
  • Rank 275/2146 Total Return
  • Rank 728/2146 Standard Deviation
  • Rank 339/2146 Max Drawdown

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 7.9% 2.7% 1.6% 0.2% 3.2%
2016 9.7% 0.0% -0.8% 4.5% 5.9%
2015 -1.5% 7.7% -4.5% -6.8% 2.8%
2014 15.6% 3.3% 4.9% 1.5% 5.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Portugal
  13. Singapore
  14. Spain
  15. Sweden
  16. Switzerland
  17. Taiwan

Fund Info

  • Launch date07/11/2013
  • Share Class size1,105Mn
  • Base currencyEUR
  • ISIN GB00BBCR3283

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment75


  • Annual management1.50%
  • Initial investment1.5

Related News

M&G steps up Lux shift with €10.5bn fund assets transfer

Investment firm moves more assets to European hub as part of Brexit precautionary procedure.

Brexit leads M&G to switch €6bn worth of funds to Lux

Investment firm announces change in domiciliation and new names for existing strategies.

AA-rated Andrew: hunt for HY is all about what’s winning now

M&G’s Steven Andrew says part of the hunt for high yield lies in finding the next winner but lacks any long-term focus.

Brexit: multi-asset managers react

Multi-asset managers discuss implications the UK may face following results of the EU referendum.

US is the game changer not China, says multi-asset star

VIDEO: Citywire AA-rated Steven Andrew on market risks following China stemmed volatility and why he is upping US bank bets.

M&G launches defensive multi-asset fund

The firm bolsters its mixed asset offering with the launch of a fund designed for the more cautious investor.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).