New Star Global Financials Fund has been the UK's best performing financials fund since it launched on 28 December 2001.
New Star is delighted to announce that the New Star Global Financials Fund has been awarded a new 'AA' rating by Standard & Poor’s. The £187m fund has been managed by Guy de Blonay since it launched on 28 December 2001.
Since launch, the New Star Global Financials Fund has delivered first decile performance amongst its financial peers, ranking it first out of five financials funds. During this period, the fund has returned 191%* against a financial peer group average of 96%* and has beaten the second best performing financials fund by 58 percentage points.
*Source: Lipper, 28/12/2001 to 13/10/2006, mid to mid, net income reinvested, Sterling.
Phil Wagstaff, managing director of UK retail sales and marketing at New Star, says:
"This rating reflects Guy’s exceptional record amongst his peers and endorses his reputation as the best performing financials fund manager in the UK. It reflects his ability to produce consistent top-level performance."
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For further information please contact:
Phil Wagstaff New Star 020 7225 6076
Ben Robinson New Star 020 7225 9294
Richard Wilson New Star 020 7225 9575
Denise Lyttle Polhill Communications 020 7655 0550
Notes to editors:
New Star Global Financials Fund - discrete year performance:
| Year | Performance |
| 30.09.05 to 29.09.06 | 27.0% |
| 30.09.04 to 30.09.05 | 51.0% |
| 30.09.03 to 30.09.04 | 20.4% |
| 30.09.02 to 30.09.03 | 24.6% |
| 28.09.01 to 30.09.02 | n/a (fund launched 28 December 2001) |
Source: Lipper, mid to mid, net income reinvested, GBP.
Important information:
Past performance is not necessarily a guide to future performance.
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.