OEICs

Open-Ended Investment Companies (OEICs) enable investors to invest in financial markets through a managed fund operated by a professional fund manager.


The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. 

What is an OEIC?

Instead of buying and selling individual investments yourself, it can be easier and more cost-effective to invest in the markets through an Open-Ended Investment Company (OEIC).

An OEIC is a collective investment scheme, or managed fund, in which the money of many investors is pooled together to purchase investments in a range of different assets, according to the investment policy of the managed fund.

An OEIC can be set up as a single company or as a company with several sub-funds, known as an umbrella scheme. Each sub-fund within the umbrella scheme has its own investment policy and objective.

What are the benefits?

There are many advantages to investing in an OEIC rather than directly in the stockmarket:

  • Diversification offers greater potential for growth and can help to decrease your investment risk
  • Your investment is managed by a professional fund manager
  • Your dealing costs are lower

Funds available

You can invest in any of the following funds. Click on the fund names to find out more about each fund.

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. Please be aware, your investment may increase or decrease as a result of currency fluctuations.

Absolute Return Bond Fund Global Dividend Fund North American Dividend Fund
Asian Fund Global Emerging Markets Fund North American Value Fund
Better Health Solutions Fund Global Floating Rate High Yield Fund Optimal Income Fund
Corporate Bond Fund Global Government Bond Fund Pan European Select Smaller Companies Fund
Climate Solutions Fund Global High Yield Bond Fund Positive Impact Fund
Dividend Fund Global High Yield ESG Bond Fund Property Portfolio
Emerging Markets Bond Fund Global Listed Infrastructure Fund Recovery Fund
Emerging Markets Monthly Income Fund Global Macro Bond Fund Short Dated Corporate Bond Fund
Episode Allocation Fund Global Strategic Value Fund Smaller Companies Fund
Episode Growth Fund Global Sustain Paris Aligned Fund Strategic Corporate Bond Fund
Episode Income Fund Global Target Return Fund Sustainable Multi Asset Fund
European Select Fund Global Themes Fund Sustainable Multi Asset Balanced Fund
European Corporate Bond Fund Index-Linked Bond Fund Sustainable Multi Asset Cautious Fund
European Index Tracker Fund Index Tracker Fund Sustainable Multi Asset Growth Fund
European Sustain Paris Aligned Fund Japan Fund UK Income Distribution Fund
Gilt & Fixed Interest Income Fund Japan Smaller Companies Fund UK Inflation Linked Corporate Bond Fund
Global Convertibles Fund Managed Growth Fund UK Select Fund

Share classes and charges

Share classes

The majority of our funds offer three share classes for private investors. This means you can choose the best share class for your investment needs.

  • Sterling Class A Shares carry no entry charge and no exit charge. Please note that an ongoing charge will apply. The ongoing charge is made up of the Annual Charge which may be discounted depending on the size of the fund, and extraordinary expenses. For property funds, the ongoing charge does not take into account the property operating expenses, also known as PER. For information on all our charges, please refer to our Fund Charges page.

  • Sterling Class X Shares do not carry an entry charge or exit charge. Please note that an ongoing charge will apply.

  • Sterling Class R Shares are only available to private investors when you invest via our new online investing service myM&G or through a financial adviser. For more information on these, download the relevant Prospectus or call our Customer Relations team on 0800 390 390.

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. Some funds can invest in assets priced in currencies that differ from the currency in which the fund is valued. Such assets are converted into the fund's currency, therefore, any currency fluctuations will have an impact on the fund's value. We don’t give financial advice, so you should speak to a financial adviser if you need help deciding if an investment is right for you. The views expressed in this website should not be taken as a recommendation, advice or forecast.

Certain funds have other share classes available for direct investment (outside The M&G ISA, The M&G Junior ISA and The M&G Savings Plan). This may include Sterling Class I Shares, which have minimum investment limits starting from £500,000 depending on the fund.

Remember to specify the fund(s) and share class in which you wish to invest on your application form. Your application may be rejected if it is only partially completed.

Share types

Most funds offer the choice of two share types - income or accumulation.

Income shares entitle the holder to be paid the income attributed to those shares on the payment date. This is usually paid twice a year but can be paid annually, quarterly or monthly depending on the fund.

Accumulation shares don’t pay income. Instead, they automatically reinvest any income accruing to the fund and this is reflected in the share price. If a fund only offers Income shares, any net income can be reinvested to buy more shares.

Please read the Important Information for Investors document for more information on share classes.

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. Please be aware, your investment may increase or decrease as a result of currency fluctuations.

OEIC investment limits

The table below shows the minimum investment limits for M&G OEIC funds. There is no upper limit to the amount you can invest.
 
Minimum investment limits for OEIC funds
Minimum lump sum £500
Minimum additional lump sum £100

Invest now

For information on making an investment with M&G, please visit our Invest with M&G page.

We don’t give financial advice, so you should speak to a financial adviser if you need help deciding if an investment is right for you.


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