Bear market appeals to M&G

Tom Dobell, manager of M&G Recovery, believes that current market conditions are providing more opportunities for investing in recovery situations than for many years. Dobell, who has run the £1.07bn M&G Recovery Trust for around two years and is only the fund's third manager since it was launched in 1969, is running the fund with around 95 stocks. He is also to be the joint manager with Richard Hughes of the forthcoming M&G Recovery Trust, the split capital rollover vehicle to the existing £269m M&G Recovery Trust, as reported exclusively in Investment Week last week. Dobell said:...