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New Star wins 'Best Multi-Manager Group' at the...
Voted for by independent financial advisers
New Star is pleased to announce that it has been named 'Best Multi-Manager Group' at the 2008 Professional Adviser Awards. The award, voted for by independent financial advisers, is in recognition of the exceptional long-term track record of New Star's fund of funds team. New Star was also named 'Best Multi-Manager Group' at the 2007 Professional Adviser Awards and 'Best Multi-Manager Group' at the 2006 Real Adviser Awards.
These awards follow New Star's strong and consistent outperformance when compared to other funds of funds and single manager funds. New Star’s fund of funds range consists of eight funds – three regional portfolios and five global portfolios – each with a varying degree of risk. Of the seven New Star funds of funds with five-year track records, six are in the first quartile of their respective IMA sectors‡.
Ben Robinson, head of UK retail public relations at New Star, says:
"New Star has now won 'Best Multi-Manager Group' awards for three successive years – a reflection of the outstanding performance achieved across New Star's fund of funds range. The team's exceptional macro economic foresight and ability to select the best funds at the right time in the investment cycle has brought them deserved recognition."
Fund details
| 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.
‡ Analysis by New Star. Source: Lipper for six calendar years starting January 2002. Data excludes funds in the IMA Pensions sector.
Past performance is not necessarily a guide to future performance.
