Fund of the week: A forgotten hero

This fund, full of 'unloved' but healthy companies, is the best fund to put in your Isa if you’re looking for capital growth.

The best fund to put in your Isa if you're looking for capital growth is the M&G Recovery Fund, says Juliet Schooling Latter of Chelsea Financial Services in The Daily Telegraph. "This fund is loaded with strong 'unloved' companies that maintain good cash flows and strong balance sheets, but also offer the potential for significant recovery," says Latter.

The fund has returned 58% over the past five years. That's largely down to the skills of manager Tom Dobell. At the helm since April 2000, Dobell "was one of the first to see the storm clouds gathering before the crash", says Latter. He managed to keep the fund in the top decile in 2008 when the market was going down, and did so again in 2009 when it was going up. That's no mean feat.

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