New Star Investment Funds is pleased to announce that Clare Bryant will take over management of the award-winning New Star European Portfolio from Mark Harris, New Star's head of funds of funds. Clare, who has been an integral part of New Star's fund of funds team since May 2002, will commence her role from 2 April 2007.
Clare's appointment is in recognition of her proven expertise in the field of European fund of funds management. Clare will continue to work closely with Mark Harris and this will ensure a seamless transition for investors in the New Star European Portfolio.
Clare's appointment will allow Mark to focus more closely on the management of the New Star Tactical Portfolio, Active Portfolio, Balanced Portfolio, Managed Portfolio, American Portfolio and Asia Portfolio.
Mark Harris, head of funds of funds at New Star, says;
"Clare has an incredible aptitude for fund of funds management and, having worked with her for five years, I have every confidence she will continue the fund's strong performance. Her meticulous attention to research and analysis and her ability to pick out the best funds and fund managers has earned her the right to manage this fund."
The New Star fund of funds range
|
New Star fund |
Lead fund manager(s) |
|
New Star Tactical Portfolio |
|
|
New Star American Portfolio |
|
|
New Star |
|
|
New Star Active Portfolio |
|
|
New Star Balanced Portfolio |
|
|
New Star Managed Portfolio |
|
|
New Star European Portfolio |
Clare Bryant |
|
New Star Cautious Portfolio |
Craig Heron |
New Star’s fund of funds range performance
|
Name |
3-yr total return |
quartile |
5-yr total return |
quartile |
|
New Star Active Portfolio |
58.33% |
1st |
81.11% |
1st |
|
IMA Active Managed |
45.97% |
|
43.39% |
|
|
New Star American Portfolio |
23.34% |
2nd |
6.18% |
1st |
|
IMA |
18.78% |
|
-6.65% |
|
|
New Star Balanced Portfolio |
45.81% |
2nd |
58.78% |
1st |
|
IMA Balanced Managed |
42.47% |
|
41.86% |
|
|
New Star Tactical Portfolio |
63.22% |
1st |
79.66% |
1st |
|
IMA Global Growth |
44.34% |
|
32.63% |
|
|
New Star European Portfolio |
75.23% |
1st |
96.99% |
1st |
|
IMA Europe Excluding |
68.63% |
|
65.07% |
|
|
New Star Managed Portfolio |
49.80% |
1st |
61.16% |
1st |
|
IMA Balanced Managed |
42.47% |
|
41.86% |
|
|
New Star |
62.79% |
3rd |
84.87% |
2nd |
|
IMA Asia Pacific Excluding |
63.68% |
|
78.79% |
|
|
New Star Cautious Portfolio |
N/A - fund launched in October 2005 | |||
|
IMA Cautious Managed |
| |||
*Performance source: Lipper, mid-mid for OEICs and bid-bid for unit trusts, net income reinvested to 28/02/2007.
Adviser Multi-Manager Awards 2005 and 2006
For further information please contact:
Ben Robinson New Star 020 7225 9294
Phil Wagstaff New Star 020 7225 6076
Richard Wilson New Star 020 7225 9575
Denise Lyttle/ Polhill Communications 020 7655 0540
Karen Wagg
Important information
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. The value of investments may also increase or decrease as a result of changes in exchange rates between currencies. This may increase the risk to the investor.
New Star Investment Funds is the trading name of New Star Investment Funds Limited, part of the New Star Marketing Group. New Star Investment Funds is not authorised to give investment advice and only provides information on New Star products. For your protection, calls may be recorded and monitored. Issued by New Star Investment Funds Limited, authorised and regulated by the Financial Services Authority.