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New Star assets under management top 5bn

New Star Investment Funds has topped the 5bn mark for retail assets under management after only three years in operation.

It is now the 16th-biggest asset manager in terms of funds under management, with 9.6m in total assets, including institutional funds. Managing director Mark Skinner says: “To reach 5bn in retail funds under management in just over three years is a significant milestone for New Star. We have been delighted with the support we have received from intermediaries and their clients since launch, which is a tremendous endorsement of our offering and investment philosophy.”

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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