Ignis Cartesian UK Opportunities Fund awarded four-star rating

Cartesian Capital Partners, the Edinburgh-based UK equities specialist, is delighted to announce that the Cartesian UK Opportunities Fund has been awarded a four-star rating by leading investment research provider Morningstar.

Morningstar ratings are based on three-year risk-adjusted returns.

Since launch on 29 December 2005, the £75 million Ignis Cartesian UK Opportunities Fund has achieved top-decile performance, beating the IMA UK All Companies Sector average by 12.7%. This ranks the fund 26th out of 283 funds.

In addition to its Morningstar rating, the Ignis Cartesian UK Opportunities Fund has recently received a ‘AA' rating from Old Broad Street Research (OBSR) and David Stevenson, the fund's lead manager, has been rated ‘A' by Citywire.

David Stevenson, founding partner of Cartesian Capital and manager of the Ignis Cartesian UK Opportunities Fund, says: "I am delighted that Morningstar has recognised the consistency of our performance. As a team, we have an exceptionally rigorous process of stock selection and by taking a long-term, pragmatic approach, we have been able to deliver top-decile performance through a period of both bull and bear market conditions. Whilst the fund is likely to be positioned defensively for the short to medium term it has the ability to invest across the cap-scale and is not benchmark constrained. This flexibility has enabled Cartesian to outperform in various market conditions and will allow us to realign should economic and market conditions improve."