The New Star Tri-Star Unit Trust, which offers exposure to commercial property, bonds and UK equities in one fund, has become the latest investment option to be added to Standard Life's sigma fund platform. The fund will be available on Standard Life’s Capital Investment Bond, pensions and mutual funds.
The Tri-Star Unit Trust is managed by New Star’s joint chief investment officer, Gregor Logan, who is responsible for determining the appropriate weightings in UK equities, bonds and commercial property.
Stock selection in each asset class is managed by three of the most respected New Star fund managers: Stephen Whittaker for UK equities, James Gledhill for bonds and Roger Dossett for commercial property. The commercial property exposure is via investment in the existing New Star Property Unit Trust.
The Tri-Star Unit Trust brings the total number of New Star funds on the Standard Life sigma platform to 12.
Graham Dow, head of investment development at Standard Life, says:
“Standard Life is delighted to announce the addition of the New Star Tri-Star Unit Trust onto its Capital Investment Bond, pensions and mutual funds propositions.
"The addition of this fund gives our more cautious investors the opportunity to invest in a fund with the additional diversification benefits of direct commercial property, whilst taking advantage of New Star's strong reputation for active management in all three key asset classes.
We continuously strive to develop long-term relationships with progressive and innovative fund management groups with a view to providing our advisers and customers with an even better range of funds across our product wrappers."
Phil Wagstaff, managing director of UK retail sales and marketing at New Star, says:
"We are delighted that Tri-Star is now linked to Standard Life's Capital Investment Bond, pensions and mutual funds propositions. We have worked closely with Standard Life and with our other distribution partners to ensure that New Star's investment products have the widest possible availability to advisers and their clients."
For further information please contact:
Phil Wagstaff New Star 020 7225 6076
Ben Robinso New Star 020 7225 9294
Richard Wilson New Star 020 7225 9575
Charles Ansdell/ Polhill Communications 020 7655 0540
Denise Lyttle
Jeff Newton Standard Life 0131 245 5386
Yvonne Savage Standard Life 0131 245 0476
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Important information
The value of investments and any income from them may fall as well as rise. The value of investments may also increase or decrease as a result of changes in exchange rates between currencies and investors may not get back the amount originally invested.