New Star's Richard Pease "easily retains" his AAA rating - according to S&P

The latest Standard & Poor's review of the Dublin-domiciled New Star European Growth Fund, a sub-fund of New Star's Global Investment Funds PLC, resulted in Richard Pease maintaining his 'AAA' rating with "ease".

S&P said of Richard Pease:
"Richard Pease's style is consistently bottom-up and absolute value oriented, with a long-term horizon. His traditional, qualitative approach rests on his lengthy experience, strong knowledge of the market and in-depth understanding of companies' management…. Stock selection was strong across the board. A number of the laggard stocks of 2005 shone in 2006….We remain impressed with Pease…..The fund easily retains AAA-rated status."

Rob Page, Marketing Director at New Star Asset Management, said:
"The S&P verdict for the AAA rated fund and its UK-domiciled counterpart also called the New Star European Growth Fund, is further validation of Richard's proven investment style. The strong performance of the fund is testimony to Richard's proven investment philosophy." 

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For further information please contact:

Mark Skinner    New Star     020 7225 9245
Trina Arthur     New Star     020 7225 9261

Karen Wagg/Denise Lyttle   Polhill    020 7655 0540

New Star important facts:

NOTES TO EDITORS:

• New Star, one of the UK's fastest growing fund management companies, was founded in June 2000 by John Duffield, previously the founder of Jupiter Asset Management, which he built into one of the most successful retail investment businesses in the UK.
• New Star is expanding its international business in response to the growing demand from investors in Continental Europe. The aim is to become a leading mutual fund provider in the next few years, offering international investors the investment expertise of one of the fastest growing and most successful UK fund management groups.
• New Star's international strategy is to develop key partnerships in local markets.
• New Star International's website can be found at www.newstaram.com.
  
  

Past performance is not necessarily a guide to future performance. The opinions expressed here represent the views of the fund manager at the time of preparation and should not be interpreted as investment advice.

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 and investors may not get back the amount originally invested. The value of investments may also increase or decrease as a result of changes in exchange rates between currencies.  Investments involve certain risks, as described in the relevant prospectus.  Any opinions expressed in this document may vary without prior notice and do not constitute investment advice.

This document should not be distributed to any third parties and does not constitute an offer or solicitation to anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such offer or solicitation. Distribution of this document and the offering of shares in certain jurisdictions may be restricted and accordingly persons into whose possession this document comes are required to inform themselves about and to observe such restrictions. If this is the case, these funds cannot be the subject of active marketing in your jurisdiction.

The fund mentioned in this document should be viewed as an investment suitable only for investors who can fully evaluate and bear the risks involved. Full details of the fund can be found in the prospectus or offering document, in the case of Hong Kong. Any investment decision must be made solely on the basis of the information contained in the prospectus/offering document, which is available on request from New Star. The simplified prospectus and most recent annual and interim reports are also available upon request.

The shares referred to in this document have not been and will not be registered under any United States securities laws, and, except in a transaction that does not violate the United States securities laws, may not be directly or indirectly offered or sold in the United States of America, or any of its territories or possessions, or areas subject to its jurisdiction or to or for the benefit of a United States person.

The fund mentioned in this document is not registered for distribution except as noted below. The New Star Global Investment Funds PLC (the Fund) is regulated by the Irish Financial Services Regulatory Authority (Irish Financial Regulator).

The manager of the Fund, New Star Investment Funds (Ireland) Limited, is regulated by the Irish Financial Regulator. The investment manager, New Star Asset Management Limited, is regulated by the Financial Services Authority of the United Kingdom (the FSA). The custodian is State Street Custodial Services (Ireland) Limited.

The Carnegie Fund Services SA, 20 rue du Conseil Général, 1205 Genève, Suisse (Postal address: Casa Postale 5656, 1211 Genève 11), Tel: +41 22 7051177, Fax: +41 22 7051179 has been appointed as the representative of the Fund in Switzerland. For Hong Kong: The Fund has been authorised by the Securities and Futures Commission (the SFC). Authorisation by the SFC does not in anyway imply any official approval or recommendation by the SFC. In Singapore the sub-funds are recognised as Restricted Collective Investment Schemes by the Monetary Authority of Singapore.

This document has not been verified or approved by any relevant supervisory authority in the jurisdictions where the Fund is registered.

Issued by New Star Asset Management (Bermuda) Limited.

Issued in the UK by New Star Asset Management Limited. Authorised and regulated by the Financial Services Authority. © New Star Asset Management. Informazioni legali