ABERDEEN WORLD GROWTH AND INCOME A - Manager

Aberdeen Global Equities Team

Stephen Docherty has been the head of Aberdeen’s Edinburgh-based global team since the end of 2002. He began his career in 1992 in Abbey National’s Department of Actuarial Services, before joining Aberdeen Asset Managers in 1994, where he established performance measurement procedures and worked with external performance verifiers. In 1998, he transferred to their Fort Lauderdale office to take up a fund management role. He worked with the Head of Latin American Investments, including specific responsibility for Latin American investments within Aberdeen's global equity funds. In 2000, he returned to Aberdeen's head office to take up a newly created role within Aberdeen's specialist global equity team. Docherty has a degree in Maths and Statistics from Aberdeen University.

Track record

Aberdeen Global Equities Team has 8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.43%.
During the worst period of relative performance (from June 2008 - October 2008) there was a decline of 8% relative to the index. The worst absolute loss has been 27%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Sector record since June 2004 (8 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