| 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 [5] 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.' [6]
References
- ^ "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.
- ^ Best funds recovery company
- ^ "M&G Recovery Fund". Archived from the original on December 15, 2011. Retrieved April 17, 2012.