M&G's Dobell bids to move on from stock 'disasters'

M&G Recovery fund manager Tom Dobell has said improved stock selection is helping his £4.5bn portfolio regain its poise this year following a period of significant underperformance.

M&G Recovery's underperformance has been widely noted over the past few years, as the 46-year-old fund sunk to the bottom of the performance tables. Over one, three and five years, the portfolio is in the bottom three worst-performing funds in the IA UK All Companies sector, according to FE data. But it has risen up to the second quartile on a six-month view, moving closer to the sector average's performance. "We have had a better period over the past six months as a result of improved stock selection in healthcare and industrials," Dobell (pictured) said in a web conference this morn...