M&G Recovery Class I - Income (GBP)
Our view on this Fund
This fund features on our Wealth 50 list of what we believe are the best funds in each sector.
Tom Dobell has produced strong long-term returns using a process that has been in place since the fund's inception in 1969. He tries to invest in companies that have fallen upon hard times, but where there is scope for a recovery.
The past few years have been challenging for the fund but we're encouraged that the manager hasn't strayed from his tried-and-tested investment strategy. Periods of underperformance should be expected when it comes to recovery-style investing and a long-term outlook is essential. We think the fund has the potential to do well over the long term and could work well alongside a fund focused on companies expected to grow their earnings steadily over the long term.