M&G EUROPEAN INDEX TRACKER A - Manager

Nigel Booth

Booth joined the Equity Structured Products desk in August 2003 as Head of Index Funds and is responsible for passive funds and low risk active funds. He started his career in the City in 1983 working in the research department of the stock-jobbing firm Wedd Durlacher Mordaunt, which subsequently merged with Barclays Merchant Bank and De Zoete & Bevan, forming BZW. In 1988 he left BZW joining the Investment Management arm of Equitable Life Assurance Society working as an Analyst / Fund Manager, initially covering larger companies but later specialising in Mid Cap stocks. Booth joined Clerical Medical Investment Management (now Insight Investment) in April 2001, where he was responsible for passive funds, and derivatives dealing, including futures, index options and contracts for difference. He graduated from Kingston Polytechnic with an upper second class degree in Business Studies in 1983 and passed the Stock Exchange Practice examination in November 1984.

Track record

Nigel Booth has 8.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%.
During the worst period of relative performance (from August 2003 - November 2011) there was a decline of 12% relative to the index. The worst absolute loss has been 42%.

Sector record since August 2003 (9 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