View more on these topics

New Star funds look to Russia and Africa

Henderson has ramped up exposure to Africa and Russia with its New Star fund of funds range.

New Star fund of funds director Craig Heron says that after being heavily invested in emerging markets such as China and India, there are concerns that valuations are stretched.

Heron and head of multi-manager Mark Harris have held a 5 per cent weighting in the Imara African opportunities within their more aggressive tactical fund but have now introduced a 2 per cent position in its managed and balanced port-folios at the expense of China.

The team has also introduced a 5 per cent exposure to Neptune Russia and Greater Russia across the funds as well as investing in the Marshall Spectrum CSI value fund, a hedge fund investing in Russian smaller companies.

Heron says: “Africa from resources and domestic consumption growth angles looks attractive but we are unlikely to go higher due to liquidity concerns. Russia is the least liked of the Brics due to political concerns but there is lots of valuation support.”


Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm