CHELSEA Financial Services has released the first of its relegation zone figures for the year which show a worrying disparity between the sector average of many regions and some of the better known funds' returns.
The latest relegation zone report revealed a difference between the sector average of funds in Asia Pacific ex Japan and some of the top names, whilst the number of funds from this sector now included in the ranks of Chelsea's red zone has risen to 10, a 40pc increase on last year. One fund which has slipped into the relegation zone is the New Star Investment Pacific Growth fund. It performed 14pc below the sector average, achieving returns of 69.03pc against a sector average of 83.34pc over 3 years. Ben Robinson, head of PR at New Star, said: "Whilst the New Star Pacific Growth Unit Tr...
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