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M&G Recovery

Ranked 245 out of 256 in - UK (All Companies) over 12 months
All calculations are in GBP unless stated

Managed by

Tom Dobell

Tom Dobell joined M&G in 1992 and was appointed manager of the flagship M&G Recovery Fund in April 2000. He adopts a bottom-up, stockpicking approach and targets companies with strong fundamental qualities that are out of favour due to temporary setbacks. He also favours firms that are perceived as dull but that own potentially exciting businesses. A graduate from the Agricultural College, Writtle, Dobell crossed over to the City in 1987 when he joined Phillips & Drew's charity and small pension fund division.

Objective

The Fund predominantly invests 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. There is no particular income yield target. 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 seeks opportunities from across the UK stock market and the portfolio aims to contain a wide and interesting mix of companies.

Showing fund performance in United Kingdom View performance globally

Performance

UK (All Companies) over : 31/12/2014 - 31/12/2015
  • Rank 245/256 Total Return
  • Rank 125/256 Standard Deviation
  • Rank 233/256 Max Drawdown

Total Return

Quarterly Performance

to 31/12/2015 Annual Q1 Q2 Q3 Q4
2015 -5.1% 3.8% 1.5% -10.4% 0.6%
2014 -9.5% 0.7% -2.4% -5.1% -3.0%
2013 14.3% 5.8% -1.2% 4.7% 4.4%
2012 8.9% 9.5% -6.0% 3.5% 2.1%
2011 -6.2% 0.9% 0.4% -13.8% 7.4%
2010 16.6% 4.1% -10.6% 14.2% 9.8%
2009 41.2% -6.1% 17.1% 22.5% 4.7%
2008 -27.4% -7.9% 2.0% -14.7% -9.4%
2007 12.6% 4.7% 8.8% -0.9% -0.3%
2006 20.8% 12.1% -2.0% 2.9% 6.8%
2005 26.8% 7.9% 2.1% 11.8% 3.0%
2004 13.8% 3.8% 1.4% 1.8% 6.1%
2003 28.3% -9.4% 21.7% 7.7% 8.1%
2002 -17.4% 7.2% -9.3% -16.4% 1.6%
2001 -10.4% -4.7% 5.4% -17.9% 8.7%
2000 -1.9% -5.2% 3.2% -0.5% 0.7%
1999 22.8% 9.8% 9.0% -6.3% 9.6%
1998 1.5% 17.3% -3.3% -17.7% 8.9%
1997 18.5% 2.0% 2.2% 15.2% -1.2%
1996 11.3% 7.3% 0.1% 2.3% 1.2%
1995 1.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/11/2015

Top 10 Holdings

Stock Size
BP PLC ORD 7.18
HSBC Holdings PLC ORD 6.33
Lloyds Banking Group PLC ORD 4.00
Prudential PLC ORD 3.94
Aviva PLC ORD 3.61
Regus plc ORD 3.38
CRH PLC ORD 2.58
GlaxoSmithKline PLC ORD 2.48
Carnival PLC ORD 2.26
Sky PLC ORD 2.13
30/11/2015

Registered For Sale In

  1. Belgium
  2. France
  3. Germany
  4. Luxembourg
  5. South Africa
  6. Switzerland
  7. United Kingdom

Fund Info

  • Launch date23/05/1969
  • Share Class size3,835Mn
  • Base currencyGBP
  • ISIN GB0031289100

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment100

Charges

  • Annual management1.50%
  • Initial investment4

Related News

Dobell 'humbled' after 'tiresome year'

The manager said he was aware that he had ‘not delivered’ after 12 months of stark underperformance, which prompted further outflows, but said he believes it will turn around.

Tom Dobell battles to get £4.5bn Recovery fund back to health

The M&G fund managers has bought five new positions in the first half as his struggling M&G Recovery fund outperformed the benchmark in the first half.

Quindell plot thickens as analyst exits Cenkos by 'mutual consent'

Andrew Bryant has left Quindell's housebroker in the latest controversy to hit the firm.   

M&G's Dobell on Quindell: 'We made a mistake'

M&G Recovery manager Tom Dobell has said he regrets backing  insurance claims processor Quindell.

Quindell parachutes in ex-Investec banker after ejecting founder

Rob Terry along two other directors are stepping down following controversial share dealings, with ex-Investec banker David Currie tasked with guiding the company on an interim basis.   

Citywire Selection: who's in and who's out?

In our latest review we have decided to place two funds Under Review, add one and remove three.

Fidelity doubles stake in embattled Quindell to 10%

Fidelity Management & Research's stake in the troubled AIM-listed insurance claims processor is now worth £90 million.

Dobell: why I stand by Quindell despite ‘unpleasant bear raid’

Tom Dobell, manager of the £7 billion M&G Recovery fund, has committed to supporting troubled Quindell despite its current woes.

M&G posts record profit as Europe sale boom offsets weak UK

Record retail inflows on the continent offset a £700 million outflow in the UK and helped M&G deliver a £395 million profit in 2013.

Hargreaves Lansdown reveals the 27 super clean funds on 150+

Hargreaves Lansdown has revealed the 27 heavily discounted funds on its 150+ list, which is says has slashed investment fund pricing by 24%.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).