Pease attributes New Star European Growth's outperformance of the sector to a combination of bottom-...
Pease attributes New Star European Growth's outperformance of the sector to a combination of bottom-up selection and favouring of mid caps. The fund's size enables him to invest the majority of the portfolio in mid-cap stocks. He said this became increasingly difficult towards the end of his tenure at Jupiter as the fund's assets grew rapidly at the height of the bull market. 'When the fund got to £1.25bn, it became difficult to get the kind of exposure to mid-caps I wanted, which is why we launched European Special Situations,' Pease said. 'We started off with two thirds in mid-caps an...
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