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New Star warning on reviewing portfolios

New Star Asset Management believes that individual inv-estors may be suffering significant losses because they are not regularly reviewing their portfolios.

The firm carried out a survey in association with NMG among 617 investors regarding the frequency with which they review their portfolios.

It found that 37 per cent of investors never review their investment portfolio and 14 per cent review them every two years or less. Only 21 per cent review their portfolio every six months or less.

New Star Investment Funds marketing director Rob Page says the infrequency with which investors review their portfolios is alarming as they are failing to change their investments in line with movements in the economic environment.

He says: “Given the amount of time and expertise which is required to manage an investment portfolio successfully,it is not surprising that many investors simply do not get round to reviewing their situation regularly.

“Individuals and IFAs may consider a fund of funds’ approach, where the responsibility for balancing of differing asset classes within a portfolio is outsourced to specialist investment firms.”

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