New Star Tactical Portfolio performing well

The New Star Tactical Portfolio has gained a return of 9.19 per cent, ranking it 20th out of 126 in its sector.

This news was posted together with a –11.05 per cent return on the IMA Global Growth sector since its launch.

However, over the year to October 31st, the fund has returned 25.5 per cent against the IMA Global Growth sector 18.12 per cent return.

The New Star Tactical Portfolio has the greatest asset allocation flexibility of all New Star funds, giving it no restrictions as to which geographic or economic sectors are invested in.

Richard Wilson, UK retail marketing director at New Star Investment Funds, called the performances of all seven New Star funds "truly impressive".