Discount on M&G Recovery

M&G Recovery, the group's £923m flagship UK equity portfolio, is being offered with a 2% discount on its initial charge until 1 October. This will reduce the front end fee from 5% to 3% during the discounted period. The fund, which is managed by Tom Dobell and has an A rating from Standard & Poor's, has an annual management fee of 1%. The promotion of Recovery marks the beginning of an active push of M&G's equity fund range from the third quarter. This will primarily focus on Recovery, Income and the three funds of funds managed by Cazenove. Over three years to 4 August, M&G...