Craig Heron of New Star describes his active approach for absolute returns with the New Star Tactical Portfolio
Asset allocation is clearly an important driver of investment returns, albeit not to the extent quoted by a number of organisations. Within our range of fund of funds, the majority of portfolios are benchmarked against their peer group averages, aiming to beat the median return each year by an amount that should result in top quartile performance over rolling three-year periods. This benchmark extends into asset allocation decisions, where a tolerance is established for each portfolio, constraining the level of active country bets that can be taken. An active approach The one fund within ...
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