New Star voted Best Multi-Manager Group 2008
New Star is delighted to announce that Mark Harris, head of the New Star fund of funds team, has been rated 'AA' by Citywire.
Mark, who manages the top-performing New Star Tactical, Active, Balanced and Managed portfolios, has led the fund of funds team since joining New Star in November 2003. Its achievements resulted recently in New Star being voted Best Multi-Manager Group in the 2008 Professional Adviser awards.
Craig Heron, co-manager of the New Star Active, Balanced and Managed portfolios and manager of the New Star Cautious Portfolio, is also rated 'AA' by Citywire. This achievement further highlights the robust investment process of the New Star fund of funds team and is an endorsement of its ability to produce consistently high risk-adjusted returns.
Ben Robinson, head of UK public relations, New Star, says:
"The team's ability to manage risk through a blend of asset classes and geographic regions has given New Star's funds of funds a significant advantage over constrained funds, which will tend to suffer when a specific region or asset class falls out of favour. This flexibility has helped generate strong and consistent outperformance over many years."
| Fund name | Fund manager(s) | IMA sector | Fund size at 30.01.08 | 5-year total return to 25.01.08* | Quartile# ranking - 5 years to 25.01.08 |
| New Star Tactical Portfolio | Mark Harris | Global Growth | £98.4m | 151.90% | 1st |
| New Star Active Portfolio | Mark Harris & Craig Heron | Active Managed | £304.1m | 127.60% | 1st |
| New Star Balanced Portfolio | Mark Harris & Craig Heron | Balanced Managed | £354.7m | 89.30% | 1st |
| New Star Managed Portfolio | Mark Harris & Craig Heron | Balanced Managed | £218.5m | 92.10% | 1st |
| New Star Cautious Portfolio | Craig Heron | Cautious Managed | £52.7m | n/a† | n/a† |
| New Star Asia Portfolio | Robert Jeffree | Asia Pacific ex Japan | £25m | 157% | 3rd |
| New Star European Portfolio | Clare Bryant | Europe ex UK | £33.8m | 131.90% | 1st |
| New Star American Portfolio | Mark Harris | North America | £12.4m | 40% | 1st |
*Source: Lipper, mid to mid for OEICs, bid to bid for unit trusts, net income reinvested to 25.01.08.
†Performance not available over this period – launched October 2005.
#First quartile means a fund is in the top 25% of funds in its sector on a total return basis.
Past performance is not necessarily a guide to future performance. The value of investments and any income from them may fall as well as rise and investors may not get back the amount originally invested.
