By Jenne Mannion Mercury and Legal & General recovery unit trusts are to retain their remits despite...
By Jenne Mannion Mercury and Legal & General recovery unit trusts are to retain their remits despite a trend elsewhere in the industry to broaden the stock universe of recovery funds. Fidelity and M&G announced last month they will include growth-style companies in their recovery portfolios, in addition to more traditional investments, such as undervalued, out-of-favour companies which show the potential for re-rating. Fidelity is changing the name of its recovery fund to the Fidelity Aggressive to reflect its wider investment mandate, while M&G will retain the Recovery name. Steven ...
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