The fund, which holds £970.8m in assets, had been rated ‘unsatisfactory’ for four consecutive years for consistently falling short of its performance target.
M&G Recovery was the only portfolio to score a lower than a ‘Good’ rating on any of the measured criteria from the company’s entire fund offering, with ‘Must improve’ on each area.
However, in this year’s AoV the board said it had observed a “positive impact” from recent changes made to the portfolio construction and risk management of the fund, leading to the upgraded rating for the strategy across all share classes this year. …
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