UNICORN MASTERTRUST A - Manager
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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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–
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-0.48%
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0.75%
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0.56%
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-0.53%
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0.26%
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–
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0.02%
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83.2%
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0.0%
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61.3%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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James Carthew
 "Photo of James Carthew")
Carthew joined Progressive in February 2001 as Investment Director responsible for the Advance UK Trust, replacing Richard Barnett who retired in April 2000. Prior to Progressive Carthew worked at M&G for 16 years starting in operations and graduating to Investment Manager and Director for M&G Investments Ltd in 1994. Over this period he assumed responsibility for managing and restructuring a range of investment trusts and life funds including the Fund of Investment Trust Shares, the High Yield Distribution Fund, the High Income Trust, the Income Trust, and the Equity Investment Trust. This role also included UK equity research responsibilities. Carthew was educated at Kingston Grammar, he is an associate member of the UKSIP.
Track record
James Carthew has 4.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%.
During the worst period of relative performance (from June 2008 - December 2008) there was a decline of 22% relative to the index. The worst absolute loss has been 40%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 61%.
Other funds managed
| Periods of worst performance |
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Absolute
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-40%
(May 2008 - February 2009)
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Relative
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-22%
(June 2008 - December 2008)
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Sector record since
April 2008 (4 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