M&G Recovery C Inc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 129.80||Day Change||GBX +0.68 (0.53%)|
|Price Date||20 Oct 2016||Crown Rating|
|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|
|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|
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.
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.