Fund of the week: How I doubled my fund in ten years

Over the last ten years, the FTSE 100 has fallen by 15%. But this fund has more than doubled investors' money, and has returned 63.5% over the past five years.

Tom Dobell recently celebrated a decade of running the M&G Recovery Fund. Over that period the FTSE 100 has fallen by 15%, but Dobell's fund has more than doubled investors' money. The fund has returned 63.5% over the past five years.

Dobell puts his success down to two main factors. The first is that he focuses on individual shares, rather than economies. "I am not an economist or an accountant; I am a stock-picker. It's very simple what I do, but the power of compound investment is massive and the returns can be huge if you get it right over time," he says in The Daily Telegraph. The other key to his success is to hold stocks for far longer than the average fund.

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