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New Star launches Euro high yield fund

New Star International is launching the New Star Euro high yield fund, a sub-fund of New Star global investment funds, its Dublin-based Oeic.

It will be managed by head of fixed income, credit, James Gledhill, who is currently rated AAA by Citywire.

The asset split is approximately 45 per cent investment grade bonds and 55 per cent high yield.

The portfolio gross redemption yield is estimated at around 5.5 per cent a year and the portfolio gross income yield is estimated at about 6.4 per cent a year.

The fund will invest in predominantly fixed and variable rate euro-denominated bonds issued by companies, governments and supranational institutions, with a portfolio of more than 80 holdings.

It will have an AMC of 1.25 per cent.


UCB Home Loans launches new 2-year tracker to self-cert range

UCB Home Loans is adding a two-year tracker, free from early repayment charges, to its self-cetification range on October 31.The new product will be set at Bank of England base rate plus 1.29 per cent, giving a current rate of 5.79 per cent. The lender will also reduce its tracking increment on its BTL two-year […]

Customer value is key

David Robinson – Cheif Executive, Bright GreyI am delighted to see the launch of MM’s campaign, highlighting many of the issues that have been concerning the protection industry for some time. Bright Grey has always argued that a decision to buy protection products should never be based on price alone as, overall, customer value is […]

I smell a Ratner

Those who know me well, know of my long-standing love affair with vintage scooters: Italian, German, Spanish, even a weird Indian bike called the Kelvinator Avanti. I have owned and ridden many beautiful machines in my time.

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


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