SANTANDER BALANCED PORTFOLIO INCOME - Manager
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Average monthly relative returns
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Bestinvest MRI
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07/08
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08/09
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09/10
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10/11
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11/12
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3 years
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5 years
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Career
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3 years
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5 years
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Career
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-0.18%
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-0.79%
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0.61%
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-0.16%
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-0.35%
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0.03%
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-0.17%
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-0.14%
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84.9%
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37.5%
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40.5%
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|
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Western Asset Management
Western-LA was founded in 1971 and subsequently afiliated with LeggMason Inc in 1986, with Western-London established in 1996. Focused entirely on fixed income assets, they actively manage £65bn, £6bn of which is run from London. The team in London consists of 5 investment professionals dedicated to corporate debt, 6 to government issues and 2 working on funds analysis, which includes risk management. There is close liason with the US side of the firm which consists of 22 investment professionals, including specialists covering asset or mortgaged backed securities.
Their value orientated investment process is carried out with a long term horizon and uses a diversified range of strategies. Each managers specialist expertise will be blended to asset allocate amongst the various issue types.
Track record
Western Asset Management has 9.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.14%.
During the worst period of relative performance (from July 2002 - February 2009) there was a decline of 21% relative to the index. The worst absolute loss has been 29%.
Other funds managed
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Start Date |
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Jun 2002
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May 2008
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SANTANDER BALANCED PORTFOLIO INCOME
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Apr 2004
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| Periods of worst performance |
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Absolute
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-29%
(February 2007 - March 2009)
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Relative
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-21%
(July 2002 - February 2009)
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Sector record since
July 2002 (10 yrs)
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach