New Star’s funds of funds continue to deliver strong outperformance

Seven out of eight New Star fund of funds portfolios outperform average unfettered funds of funds in their respective sectors over the past year.

New Star’s fund of funds team has enjoyed a further strong 12 months, with seven out of eight funds outperforming the average for their respective multi-manager peer groups. Over this period, five funds achieved top-quartile returns and four achieved top-decile returns†. This level of outperformance across such a broad range of funds is testament to the skills of Mark Harris and Craig Heron and their award-winning fund of funds colleagues.

The star performers of the past 12 months were the top-decile New Star Tactical and New Star Active Portfolios, which ranked first out of 40 funds and second out of 51 funds when ranked against other unfettered funds of funds in the IMA Global Growth and IMA Active Managed sectors respectively. New Star’s regional portfolios, the New Star American Portfolio and New Star Asia Portfolio, were the top-ranked funds of funds in the IMA North America and IMA Asia Pacific excluding Japan sectors. The most recently-launched fund within the range, the New Star Cautious Portfolio Unit Trust has also produced commendable performance, achieving top-quartile performance amongst other unfettered funds of funds in the IMA Cautious Managed sector, ranking sixth out of 40 funds.

Rob Page, Marketing Director, New Star Investment Funds, says: “I am not aware of any other fund of funds team having achieved such strong returns across such an extensive range of funds over the past 12 months. New Star’s funds of funds have proven that strong performance within an active risk-controlled environment can more than compensate for the additional costs associated with multi-manager products.

“These strong returns are a continuation of Mark and Craig’s exceptional long-term performance track record, which has established them as one of the longest serving and best performing multi-manager teams in the UK.”