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SVM ALL EUROPE SRI - 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
0.23% 0.36% 1.31% 0.69% 0.55%   0.85% 0.63% 0.63% 96.6% 94.1% 95.6%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Hugh Cuthbert / Neil Veitch


Manager. Prior to joining SVM, Cuthbert spent 5 years with Kempen Capital Management, a Dutch merchant bank, where he was responsible for the management of over €500m of European equities including the Orange European Mid and Small Cap funds as well as institutional mandates. In addition he held geographical responsibility for the Nordic region. He began his career at NPI (later acquired by Henderson) where he helped manage the Global Care range of funds as well as a number of segregated mandates. He has a BA (Commendation) in Public Administration and holds the ASIP.
Prior to joining SVM, Veitch was responsible for UK mid & small cap investments at Dutch merchant bank, Kempen Capital Management. As well as managing the UK portfolios, he also managed European mandates. He holds a BA (Hons) in Economics, a MSc in Investment Management and is qualified as a Chartered Financial Analyst (CFA). His sector responsibilities include European industrials, technology, oil and gas E&P and UK support services & house builders.

Track record


Hugh Cuthbert / Neil Veitch has 5.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.63%.
During the worst period of relative performance (from July 2007 - November 2008) there was a decline of 25% relative to the index. The worst absolute loss has been 49%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 96%.

Other funds managed

  Start Date
SVM ALL EUROPE SRI Oct 2006
Periods of worst performance
Absolute -49% (October 2007 - November 2008)
Relative -25% (July 2007 - November 2008)

Sector record since November 2006 (6 yrs)


Relative Performance in EUROPE INCLUDING UK


Discrete Monthly Returns - 56% 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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