Fund of the week: Time to root for the underdog

Backing unloved stocks and waiting for them to recover is the secret to this fund's success.

How can investors make money in these tough times? One way is to back unloved stocks when they are cheap in the hope they will recover. At a time when consumers are crying out for simple financial products, says Mark Dampier in The Independent, a good example is the "straightforward" M&G Recovery Fund.

Since 1969, the fund has backed "unloved businesses that have experienced setbacks", but which "with patience can be nursed back to health". It's had only three managers in that time.

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