M&G Recovery Fund
Discussion
I am curious to know other people's opinion of this under-performing fund.
I have had a holding for some time assuming it was a low risk option that should be able to perform better than an All-share tracker fund following the 2008 recession. In August 2013, the manager was pushing the under-valuation of its underlying assets and so, being dumb, I added to my holding.
In 2014 it under performed the All-share by around 8%.
Does anyone have a preferred alternative with a similar profile?
I have had a holding for some time assuming it was a low risk option that should be able to perform better than an All-share tracker fund following the 2008 recession. In August 2013, the manager was pushing the under-valuation of its underlying assets and so, being dumb, I added to my holding.
In 2014 it under performed the All-share by around 8%.
Does anyone have a preferred alternative with a similar profile?
BP are talking low oil prices for the next 3 years. QE in Europe may change everything. The manager does seem to have lost his way.
A recovery fund during the prolonged recession we have just been through should have been a reasonable choice to better an all-share tracker, but it is pitifully worse.
Thanks to Ginge R for his professional perspective.
A recovery fund during the prolonged recession we have just been through should have been a reasonable choice to better an all-share tracker, but it is pitifully worse.
Thanks to Ginge R for his professional perspective.
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