M&G Recovery FundM&G Recovery Fund

Tom DobellTom Dobell

Fund manager: Tom Dobell

Products available: ISA, OEIC & Savings Plan

Fund objective

The Fund predominantly invests in a diversified range of 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. There is no particular income yield target.

 

Policy for achieving objective

The M&G Recovery Fund focuses on troubled companies where a good management team is making concerted efforts to turn the business around. The fund manager is prepared to take a contrarian view and consider areas that are out of favour among investors. These can include restructuring stories, special situations and the seeking out of hidden value. As a result of this approach the Fund has a larger exposure to medium-sized and smaller companies than the UK market as a whole.

 

About the fund manager

Tom joined M&G in 1992 as a UK equity manager on the institutional desk and was responsible for a number of charity and pension fund clients. In March 2000, following the sale of the institutional business, he was appointed manager of the flagship M&G Recovery Fund. 

Previously, from 1987 to 1992, Tom worked for Phillips & Drew (PDFM) as a fund manager within their charity and small pension fund division.

In addition to the fund data that can be found by accessing the menu to the left of this page you may also wish to read the fund key features document which contains further fund information.

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Issued by M&G Securities Limited and M&G Financial Services Limited which are subsidiaries of M&G Limited. M&G Limited is incorporated and registered in England. Registered Office: Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 1048359. Registered for VAT, number GB235 3237 81. Both M&G Securities Limited and M&G Financial Services Limited are authorised and regulated by the Financial Services Authority and provide ISAs and other investments. M&G Securities Limited is registered on the FSA's register, No. 122057 (www.fsa.gov.uk/register). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 90776. M&G Financial Services Limited is registered on the FSA's register, No. 122058 (www.fsa.gov.uk/register). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 923891. Both companies are registered for VAT, number GB235 3237 81.