Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

M&G Recovery

Ranked 271 out of 276 in - UK (All Companies) over 12 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.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

UK (All Companies) over : 30/06/2014 - 30/06/2015

Total Return

Quarterly Performance

to 30/06/2015 Annual Q1 Q2 Q3 Q4
2015 3.8% 1.5%
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

28/02/2015

Top 10 Holdings

Stock Size
BP PLC ORD 6.93
GBP Cash 6.60
HSBC Holdings PLC ORD 6.03
Prudential PLC ORD 4.10
Lloyds Banking Group PLC ORD 3.70
Aviva PLC ORD 3.10
GlaxoSmithKline PLC ORD 2.95
Royal Dutch Shell Plc B ORD 2.81
Regus plc ORD 2.64
BTG PLC ORD 2.45
28/02/2015

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 size4,812Mn
  • Base currencyGBP
  • ISIN GB0031289100

Purchase Info

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

Charges

  • Annual management1.5%
  • Initial investment4

Related News

GKP slams ‘disingenuous’ M&G as Dobell loses patience

Gulf Keystone Petroleum is embroiled in bitter battle with long term shareholder M&G, which has put forward four non-executive directors it believes will improve corporate governance levels at the firm.

Vecchi plays a patient game with patent money

As head of the European Patent Office’s €3.6 billion reserve fund, Silvio Vecchi takes a different approach to many institutional investors, as he explains to Philip Haddon.

Fund update: M&G's Dobell sticks with oil bets

BP, Shell and Tullow Oil remain among the top picks in the M&G Recovery fund run by star manager Tom Dobell.

M&G's flagship fund continues to reap rewards

Euro-denominated investors who feel the currency will weaken against sterling might be tempted to look into UK equities. We look at the fortunes and continued outperformance of Tom Dobell, who runs M&G Recovery.

M&G powers to record €10 billion first-half inflows

M&G reaped the reward of strong investment performance and the rallying market to produce a storming first-half performance, which saw a record £8.6 billion (€10 billion) of net inflows.

Oyster's Bendahan gets selectors' backing

Eric Bendahan, manager of the Oyster European Opportunities fund, has been singled out by two of Germany's leading fund selectors as their top fund manager pick.

M&G's Dobell takes stand against 'selfish, short-term' hedge funds

Tom Dobell has taken a stand against the short-termism and value destruction of parts of the hedge fund industry as he reflects on the 40th anniversary of the M&G Recovery fund.

Corporate bond demand leads M&G to €2 billion Q1 inflow

M&G and Invesco Perpetual proved the main beneficiaries of a recovery in UK fund sales during the first quarter of the year, as investors turned to corporate bond funds.

Analysis reveals the top domestic equity performers in Europe

Spanish newspaper Neg-ocio has published analysis of the top domestic equity funds from around Europe over ten years.

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