BAILLIE GIFFORD INVESTMENT GRADE BOND A - Manager
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Find rated £ corporate bond funds
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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-0.11%
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-1.25%
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0.34%
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0.00%
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0.15%
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0.16%
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-0.17%
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-0.14%
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80.2%
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35.9%
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31.2%
|
|
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Stephen Rodger
 "Photo of Stephen Rodger")
Stephen Rodger joined Baillie Gifford in May 2000, as a corporate bond investment manager. Prior to this he worked at Prudential Portfolio Managers for 6 years in a similar role. Stephen graduated in Management Science from St Andrews University in 1990, and initially worked for Phillips and Drew Fund Management for 3 years before leaving to take a Masters degree in Accounting and Finance at the London School of Economics. Stephen is a member of the Institute of Investment Management and Research.
The eight strong Baillie Gifford fixed interest team use quantitative and qualitative research in order to identifying bonds that offer the greatest risk adjusted return relative to the peer group in question. They attempt to calculate the valuation gap between their predicted stance of a bond issuer and the current market perception.
Track record
Stephen Rodger has 10.1 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 August 2002 - March 2009) there was a decline of 24% relative to the index. The worst absolute loss has been 33%.
Other funds managed
| Periods of worst performance |
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Absolute
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-33%
(November 2006 - March 2009)
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Relative
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-24%
(August 2002 - March 2009)
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Sector record since
April 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