M&G OPTIMAL INCOME A GBP - Manager
Bestinvest rating
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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0.12%
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0.74%
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0.36%
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0.09%
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-0.11%
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0.11%
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0.24%
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0.27%
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84.4%
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95.5%
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97.1%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Richard Woolnough
 "Photo of Richard Woolnough")
Woolnough gained a degree in economics from the London School of Economics between 1982 and 1985. On graduating he joined Lloyds merchant bank as a trainee gilt salesman, moving to Prudential-Bache securities as a gilt salesman following the "Big Bang". He began working in the fixed interest arena in 1987, joining Assicurazioni Generali as a manager of equities and sterling bonds. In 1993 he joined SG Warburg as a member of their sterling bond trading team. He moved out of London to join Old Mutual in 1995 where he was recruited to run a sterling based annuity portfolio. He ran the Old Mutual Corporate Bond fund from launch in the summer of 2000 before moving to M&G in January 2004, where he is a fund manager on the fixed interest desk.
Track record
Richard Woolnough has 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.27%.
During the worst period of relative performance (from September 2008 - October 2008) there was a decline of 6% relative to the index. The worst absolute loss has been 11%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.
Other funds managed
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Start Date |
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Jan 2004
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Feb 2004
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Dec 2006
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| Periods of worst performance |
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Absolute
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-11%
(August 2008 - October 2008)
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Relative
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-6%
(September 2008 - October 2008)
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Sector record since
January 2007 (5 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