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New Star shines brightly in Europe

New Star Asset Management has introduced the European growth fund, an open-ended investment company that aims for capital growth by investing in Europe excluding the UK.

The fund is managed by Richard Pease, who managed Jupiter Asset Management&#39s European fund between January 1990 and December 2000.

As New Star&#39s recently appointed head of European equity management, he will select stocks on their individual merits and will not be restricted by predetermined weightings for country or sector.

Share prices are low because of recent falls in global stockmarkets and the low interest rate environments of the UK and the US have also had a knock-on effect. Some investors may still be lacking in confidence now that the technology, media and telecommunications bubble has burst. However, the timing of this fund means that they will get more stocks for their money than they would have had during a buoyant period and they could be in a good position once share prices rise again.

The fund would be suitable for investors who are looking for a core European fund for their portfolio, perhaps as an individual savings account (Isa) or personal equity plan (Pep) transfer.

According to Standard & Poor&#39s, the New Star GF European fund is ranked 64 out of 263 funds based on £1,000 invested on a bid to bid basis with gross income reinvested over one year to June 25, 2001.


Group aims for more women IFAs

An association for female IFAs is to be launched on September 5 with the aim of encouraging more women to become IFAs.The Women&#39s IFA Group will hold regular meetings with speakers from inside and outside the industry. The initiative is being led by Fiona Price & Partners managing director Fiona Price.Framlington will sponsor the launch […]

The law is an asset

I have a wealthy friend who has set up a trust for his children. I have been considering establishing a trust for some time now but I am unsure of the main benefits in doing so. Could you please advise me of the background to trusts, the various types of trust and whether any of […]

The Daley Update

Aberdeen is to offer IFAs transferable renewal commission from October 1. IFAs can get trail on existing investments of new clients.Framlington NetNet fund manager Chris Bell has quit the group to pursue a career in client relations with Tilney Investment Management. Bell was lead manager of the unit trust until May. Nick Evans now heads […]

Norwich & Peterborough – Five Year Fixed Rate Mini Cash Isa

Monday, 2 July 2001.Type: Mini cash Isa.Minimum investment: £3,000.Maximum investment: £3,000.Catmarked: No.Interest rate: 5.75 per cent gross for five year term.Charges: None.Withdrawal penalty: 120 days&#39 interest on amount withdrawn in fixed rate period.Commission: None.Tel: 0845 3002511. 

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


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