FRANKLIN UK MID CAP GROWTH - Manager

Paul Spencer

Spencer joined Rensburg from TD Waterhouse where he was Head of Research, specialising in small and mid cap investment analysis. From 1987 to 1991 he was an investment analyst and Head of Research for BWD Rensburg Limited and from July 1991 to October 1995 he was the Fund Manager of the BWD UK Smaller Companies Trust. He joined TD Waterhouse in March 1999 from Granville Davies Limited where he was a Director and Small and Mid Cap analyst. He has assumed responsibility for the Rensburg UK Mid Cap Growth Trust predominately and will provide support to Mark Hall and Stuart Sharp. Spencer graduated from Nottingham University in 1986 with a BA (Hons).

Track record

Paul Spencer has 6.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.43%.
During the worst period of relative performance (from February 2009 - April 2009) there was a decline of 6% relative to the index. The worst absolute loss has been 38%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Sector record since February 2006 (6 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