M&G Recovery C Inc GBP

Quick Stats

Bid Price - Offer Price -
Mid Price GBX 129.80 Day Change GBX +0.68 (0.53%)
Price Date 20 Oct 2016 Crown Rating 1
Shares Class Inc. Yield 1.98 %
Total Expense Ratio 0.16 Fund Size 3,320,080,000.00
Launch Date 23/05/1969 Standard Initial Charge (%) 1.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 500,000.00 Total Expense Ratio (%) 0.16
ISIN GB00B015Z869 Min TopUp (£) 25,000.00

Fund Objective

The fund invests in companies that are out of favour with the stockmarket where the fund manager believes a good management team is making concerted efforts to turn the business around. The fund’s sole aim is to achieve capital growth. The fund manager takes a long-term view with a typical holding period of five years or more. Developing a constructive dialogue with company management is a fundamental part of the investment process.

Fund Managers

Tom Dobell
Tom Dobell joined M&G in 1992 as a UK equity manager on the segregated pension fund desk where he was responsible for managing assets for 16 pension fund clients. In March 2000, Tom became fund manager of the M&G Recovery Fund. Before joining M&G, he worked for Phillips & Drew (PDFM) as a fund manager within the charity and small pension fund division. Tom graduated from agricultural college in 1986.