Opportunities in Euro financials

Guy de Blonay, manager of New Star's Global Financials fund, believes diverse sector offers a natural hedge against market volatility

Investors in global financials have long had two star managers from which to choose. New Star's Guy de Blonay and Jupiter's Philip Gibbs both have long-term track records with funds in the sector, and high profiles to match. Before joining New Star, de Blonay worked alongside Gibbs, who manages the £940m Jupiter Financial Opportunities vehicle. Today, de Blonay's £245m New Star Global Financials vehicle has outperformed not only the Jupiter vehicle but most of the Specialist sector over three years to 19 March, with bid to bid growth of 114.8%, according to Morningstar. Over the same tim...