BULL POINTS
â– Outstanding past performance
â– Current investment opportunities
â– Manager closely involved with investments
â– Relatively low costs
BEAR POINTS
â– Size may be a constraint
â– Only for long-term investors
222.7p
M&G Recovery, whose adverts featured in the Investors Chronicle as long ago as the 1960s, has been one of the best performing funds in the Investment Management Association's UK All-Companies sector over the past 10 years; indeed, since its present manager, Tom Dobell, took over the role in March 2000. In that period, it has outperformed the FTSE All-Share index by 61 per cent and its own sector by 62 per cent. This has earned Mr Dobell a nomination for Morningstar's UK Equity Fund Manager of the Year award.