Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

M&G to emulate Charifund with £1.1bn Dividend strategy

M&G to emulate Charifund with £1.1bn Dividend strategy

M&G is to offer its Charifund strategy to the public for the first time as the manager of the £1.1 billion portfolio takes over its Dividend fund.

Michael Stiasny will assume management of the fund from Phil Cliff (pictured), who will continue to manage M&G's European Select and Pan European Dividend funds.

Stiasny also runs the company's UK Income Distribution Sterling fund.

The £1.1 billion Dividend fund, which returned 8.8% versus a sector average of 16.8% in the three years to January, will emulate Stiasny's Charifund, which is currently only available for charities to invest in.

Stiasny will focus on higher yielding stocks and will gradually increase the number of holdings in the portfolio to diversify the sources of income, the firm said.

Head of equities Anton Oliver said: 'Michael’s stewardship of the Charifund has grown the income distributions to charities year-on-year, allowing them to maintain the important work they do throughout the country.

 'He can now emulate this investment approach for a broader range of our customers.'

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Michael Stiasny
Michael Stiasny
60/165 in Mixed Assets - Aggressive GBP (Performance over 1 year) Average Total Return: 4.86%
Phil Cliff
Phil Cliff
58/95 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 25.82%
Your Business: Cover Star Club

Profile: Altor's Towry graduates on launching a family business

Profile: Altor's Towry graduates on launching a family business

Altor Wealth Management was launched on of a shared vision to form a family-style company that would charge fairly and differently.

Wealth Manager on Twitter