New Star receives Dublin OEIC registration in the Netherlands

24.07.2006

New Star International is pleased to announce that it has received authorisation for nine sub-funds of New Star Global Investment Funds Plc for distribution in the Netherlands. The Dutch registration is part of New Star's international expansion in response to the growing demand from European investors for high alpha funds.

Sub-funds of the New Star Global Investment Funds Plc are also registered in Sweden, Finland, France, Denmark, Malta, Spain, Switzerland and the UK. In the last year, New Star has received significant fund inflows from private banks, fund of funds managers and insurance companies across Europe.

Commenting on the registration, Cobus Kruger, Director Mutual Funds at New Star International said: "We have seen an increase in demand for New Star funds throughout Europe, including Holland. We are now in a position to offer investors access to New Star's investment expertise through our authorised Dublin OEIC. Our fund managers have excellent long-term track records and have delivered high levels of alpha across a wide variety of investment mandates. Our distinctive stock picking style has resulted in growing demand from an increasing number of institutions."

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