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M&G Recovery

Ranked 225 out of 239 in - UK (All Companies) over 60 months
All calculations are in GBP

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.

Performance

UK (All Companies) over : 30/09/2009 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 -6.7% 0.7% -2.4% -5.1%
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 1.0% -0.4% 1.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/01/2013

Top 10 Holdings

Stock Size
BP PLC ORD 6.97
GBP Cash 5.80
HSBC Holdings PLC ORD 5.25
GlaxoSmithKline PLC ORD 4.85
Prudential PLC ORD 3.73
Royal Dutch Shell Plc B ORD 3.65
Lloyds Banking Group PLC ORD 3.00
easyJet plc ORD 2.90
Regus plc ORD 2.38
Aviva PLC ORD 2.37
31/03/2014

Registered For Sale In

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

Fund Info

  • Launch date23/05/1969
  • Share Class size6,291Mn
  • Base currencyGBP
  • ISIN GB0031289100

Purchase Info

  • Min. initial investment50,000
  • Min. additional investment1,000

Charges

  • Annual management1.5%
  • Initial investment4

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