M&G Recovery

In this environment we believe you should have a strong preference for growth funds with the sort of consistent outperformance and long term pedigree offered by M&G Recovery. It has outperformed the index in each of the last 5 years, even in 2007 when many good managers stumbled. The fund has a bias to FTSE 100 stocks, 60% of the fund, where there is clear value, and has also made good profits out of the balance of the fund invested into small and mid caps.

Click to buy this fund, or see below for more about the fund.

M&G RECOVERY
INITIAL CHARGE	DISCOUNT	REDUCED INITIAL CHARGE
4.00%	4.00%	0.00%

OUR VIEW:

Not only has this fund outperformed over each of the last 5 years, but in particular in 2007 when many other outstanding managers stumbled. He did this with 60% in large caps. Put another way, he made good profits by still having 40% in small and midcaps, at a time when they began to underperform the stockmarket as a whole. The manager Tom Dobell isn't just an investor. He holds stock taking a long view, and see's his role as much as a business partner, looking to be an active investor over years.

RISK AND YOUR PORTFOLIO:

This is a medium risk UK stockmarket fund, which maintains a decent balance across the whole of the stockmarket. It is a core holding for growth investors.

ABOUT THE FUND:

To achieve capital growth, through primarily investing in a diversified range of companies which are going through a difficult period or whose future prospects are not fully recognised by the market.

FUND FACTS:
LAUNCHED	FUND SIZE	ANNUAL CHARGE	FUND MANAGER
09/05/1969	£3,000 million	1.50%	Tom Dobell

FUND PERFORMANCE: To 31st August
0-12m	12-24m	24-36m	36-48m	48-60m
-6.60%	+17.79%	+19.78%	+30.28%	+11.18%

Great E-newsletter. Easy to understand for the layman but really informative....
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