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HALIFAX EUROPEAN C - Manager

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Average monthly relative returns

Bestinvest MRI

07/08 08/09 09/10 10/11 11/12   3 years 5 years Career 3 years 5 years Career
0.04% -0.13% -0.10% 0.00%   -0.08% -0.11% 57.9% 0.0% 56.0%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

David Headland


Manager. Headland joined Insight in 2002 as a Director of European Equities. He has particular expertise in the Telecommunications sector and Southern European markets. He joined Insight from Morley Fund Management where he was a European Fund Manager. The funds he managed, including two European ex UK Life funds and S&P rated-Spanish and Italian country-specific funds produced excellent competitive performances. Headland began his investment career as a Trainee Fund Manager with Norwich Union, specialising in European markets. He holds a first class degree in Economics from Leeds University and is an Associate of the Society of Investment Professionals (ASIP).

Track record


David Headland has 8.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.11%.
During the worst period of relative performance (from March 2003 - November 2011) there was a decline of 16% relative to the index. The worst absolute loss has been 44%.

Other funds managed

  Start Date
HALIFAX EUROPEAN C Mar 2003
Periods of worst performance
Absolute -44% (May 2007 - February 2009)
Relative -16% (March 2003 - November 2011)

Sector record since March 2003 (9 yrs)


Relative Performance in EUROPE EXCLUDING UK


Discrete Monthly Returns - 43% Up Months

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

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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