M&G Recovery Under Review

Tom Dobell will step down from running the £1.4 billion M&G Recovery fund after a sustained period of underperformance. Morningstar has placed the fund's rating under review

Holly Black 18 September, 2020 | 10:06AM

exit sign

The M&G Recovery fund has been placed under review by Morningstar analysts after the announcement that manager Tom Dobell would stand down from running the fund.
Michael Stiasny will take over the management of the £1.4 billion, which had held a Neutral Morningstar Analyst Rating, at the end of the December.

M&G said the decision was “part of an ongoing review” of the firm’s fund range. It said the review “will also see a refreshed approach for the fund, with an increased focus on the unloved mid-size companies which have contributed most to value creation over the fund’s lifetime.”

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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