M&G Recovery, Tom Dobell

M&G's Recovery fund has prospered since bursting tech bubble, focusing on areas unloved by the rest of the market

Click here to download pdf Tom Dobell's M&G Recovery fund has prospered since the tech bubble burst, with Dobell's contrarian approach leading him into unloved and undervalued parts of the market he feels have recovery potential. Holdings are made on average for three to five years, with turnover typically 25%, and Dobell works closely with managers of the 80 to 100 companies that comprise his portfolio. Around half of these feature in the FTSE 100 with the remainder split between mid and small caps. Over three years, the fund has returned 78%, ranking it 39 out of 259 funds in the UK A...