Tom Dobell, manager of the beleaguered £4.4bn M&G Recovery fund, has called his largest holding BP ‘extraordinary' and is confident the stock can bounce back over the next few years.
Dobell (pictured), who has 6.7% of his fund in BP, hailed the oil major for its "heroic" response to the oil spill disaster in 2010, saying it has been unfairly undervalued by the UK market. The business...
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Caught between the growth potential of emerging economies and US tech, and the relative comfort of the UK domestic market, European equities are often overlooked by UK investors.