M&G Recovery Fund
| Company type | Private |
|---|---|
| Industry | Open-ended investment company |
| Founded | 23 May 1969 |
M&G Recovery Fund is a British open-ended investment company launched on 23 May 1969 and, as of 31 May 2012, was the third-largest[1] open-ended fund in the UK (behind Neil Woodford's two equity income funds) with £7.4 billion of assets.[2]
It was managed by Tom Dobell between 2000 and 2020, with deputies Michael Stiasny and David Williams since January 2011.[2][3] Michael Stiasny was appointed manager in 2021.[4] The fund makes a charge of 1.5% per annum.
Its investment focus is investing 'in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The sole aim of the Fund is capital growth.'[5]
References[edit]
- ^ "Charles Stanley". Data.fundchoice.co.uk. Archived from the original on 2012-12-24. Retrieved 2016-02-10.
- ^ a b "M&G Recovery | M&G UK | Fund factsheets | FE Trustnet". Trustnet.com. Retrieved 2016-02-10.
- ^ Martin, Ben. "Lost decade leads to Tom Dobell's exit from M&G fund". ISSN 0140-0460. Retrieved 2023-03-20.
- ^ "M&G Recovery: February 2021 fund update". Hargreaves Lansdown. 2021-02-16. Retrieved 2023-03-20.
- ^ "M&G Recovery Fund". Archived from the original on December 15, 2011. Retrieved April 17, 2012.