Founded 1969 | ||
M&G Recovery Fund is a British open-ended investment company launched on 23 May 1969, and is the third-largest open-ended fund in the UK (behind Neil Woodford's two equity income funds) with £7.4 billion of assets as of 31 May 2012.
It has been managed by Tom Dobell since 2000, with deputies Michael Stiasny and David Williams since January 2011. The fund makes a charge of 1.5% per annum.
Its investment focus is investing '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.'
References
M&G Recovery Fund Wikipedia(Text) CC BY-SA