New Star Cautious Portfolio fund launched

The New Star Cautious Portfolio fund has been launched for customers looking for regular income and potential for capital growth.

Investing in a diverse range of cautious investments, the fund aims to deliver around 3.5 per cent net return annually, which is paid to investors quarterly.

Mark Harris, head of the New Star fund of funds team, said: "The fund aims to deliver capital growth and a competitive yield over the long term."

He added: "The fund’s structure will allow it to diversify across a number of different asset classes to maximise total returns over the long run."

Customers applying for the New Star Cautious Portfolio before October 28th will receive a one per cent discount on the five per cent initial charge.