M&G Recovery Inclusive - Class X - Accumulation (GBP)
Our view on this Fund
This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
The M&G Recovery fund invests in UK companies that have fallen upon hard times, but where there is scope for a transformation in fortunes. This contrarian approach could bring diversification to the UK section of a broader investment portfolio. It could sit well alongside a UK equity fund that focuses on companies expected to grow earnings at a more consistent pace.
Tom Dobell, the fund's prior longstanding manager, stepped aside at the end of 2020 and was succeeded by deputy manager Michael Stiasny. He's been on the Recovery team since 2011, so has good knowledge of the companies it invests in. He also has the support of the broader UK Equity team, including deputy manager Elina Symon.
Overall though, we feel there are lots of talented fund managers in the UK All Companies sector and we currently have greater conviction in others to deliver strong performance over the long run.