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New Star extends 1% deal on property trust

New Star has extended the 1 per cent discount on its property unit trust to mark the fund&#39s fifth anniversary.

The 1 per cent discount is available for all lump-sum investments until August 5.

The trust is one of only three comparable funds which invests in commercial property and commercial property shares. Over five years since its launch on July 5, 1999, the fund has returned 65.32 per cent, outperforming the FTSE All-Share index which fell by 17.19 per cent over the same period.

New Star Investment Funds marketing director Rob Page says: “In recent years, both investors and financial advisers have turned to commercial property as a means of providing diversification within their investment portfolios. The fact that there has been a considerable weight of money chasing relatively limited levels of stock has created an imbalance which has resulted in improved total returns.”


Genesis proposition still strong following sale announcement

Genesis Home Loans has confirmed that the transfer of ownership of the Mortgages plc Group to a leading financial institution will enhance its network proposition. Mortgages plc is currently owned by Nikko Principal Investments Ltd, which has entered into a period of exclusivity prior to the completion of the sale. Mortgages plc acquired Genesis earlier […]

Brown Shipley – Solus UK Flagship Fund

Type: Oeic Aim: Growth and income by investing in UK equities Minimum investment: Lump sum £500, monthly £40 Investment split: 27% financials, 20% resources, 19% cyclical services, 8% non-cyclical services, 8% basic industries, 7% consumer goods, 6% general industrials, 5% utilities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1.25% Commission: Initial 3%, […]

Nobles help Invesco make VCT debut

Noble & Company is promoting the venture capital trust debut from Invesco Perpetual. The Invesco Perpetual Aim VCT will invest in the alternative investment market and will be managed by the team which already runs several smaller companies funds. Nobles and Invesco Perpetual intend to raise up to £40m for the VCT, which will be […]

Mark Chilton on Mortgages

Over the past few months, while negotiating the structure of Pure!y with our investors, the word lacuna kept cropping up, meaning a hiatus or gap in the logic of an argument. I think I have found a lacuna in the mortgage market. Come M-Day, the FSA will place more emphasis than ever on price as […]


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