New Star has yet again proved itself to be ahead of its peers by launching an innovative product. The Tri-star unit trust offers a single fund structure approach, as opposed to a fund of funds, giving exposure to UK equities, bonds and commercial property. Aiming to achieve a combination of income and capital growth, this launch brings together the expertise of Stephen Whittaker, James Gledhill and Roger Dossett.Each of these managers are highly regarded stars in their sectors. Whittaker, who manages New Star UK growth and is rated AA by Citywire, will cover UK equities. Gledhill, manager of New Star high-yield bond and extra high-yield bond and rated AAA by Citywire, will cover bonds while Dossett, who manages the property element of New Star property fund, will cover commercial property. Gregor Logan, New Star’s joint deputy chief investment officer, is responsible for asset allocation and it is likely that he will retain approximately equal weighting in each asset class. This fund is a core offering and is particularly ideal in the current climate where the market is reminding us that equities can go down as well as up. Diversification across different asset classes is as important as ever. New Star is one of the only investment groups that has considerable proven strength in each asset class but there is no doubt that other groups will follow, irrespective of their particular strengths and weaknesses.