New Star Fund of Funds Portfolio
Within the MultiManager Balanced Growth, the nominees all had a comparatively high weighting to equities within their basic asset allocation. The result, during a period of poor returns for equity markets, was that only two funds managed a positive return over three years: Miton Strategic Growth Portfolio and the fettered Invesco Perpetual World Income fund. Miton, whose portfolio fell below the £10m mark needed for a fund to be eligible to win, received a highly commended award from the panel. Not only had it returned 8.39% over three years, but the judges noted the strong and growing...
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