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Product matters: Star turns

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.


Aberdeen engages in ethics

Aberdeen has brought out the ethical engagement UK fund, an Oeic that will invest in companies that are improving their ethical behaviour.

200 is magic for Bedlam

Bedlam Asset Management has brought out the Bedlam 200 fund, which aims to provide income and growth from a portfolio investing 50 per cent in UK equities and the remainder overseas.

Ombudsman insists he is not the consumer’s champion

The Financial Ombudsman Service is neither a champion for consumers nor an apologist for the industry, says chief ombudsman Walter Merricks. Writing in the May issue of Ombudsman News, Merricks describes the permanent identity crisis of his organisation and the difficulty of treading a path between consumer and industry perceptions. He stresses the impartiality of […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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