New Star is delighted to announce that the New Star Global Financials Fund, managed by Citywire 'AAA'# - rated Guy de Blonay, has won the Lipper Global Equity Sector Banks and Other Financials Sector Award for 2008.
The fund has returned an impressive 175.9% compared to 75.4% for the IMA Specialist sector since launch*. It is also the best performing financials fund in the UK over this period*.
The Lipper Fund Awards recognise funds that have excelled in delivering consistently strong risk-adjusted returns relative to their peers. The New Star Global Financials Fund received its award for its performance over a three and five year period.
Richard Wilson, marketing director, New Star, says:
"Guy has returned exceptional returns for investors. Under his stewardship, the New Star Global Financials Fund has been consistently rated by S&P and Guy was recently ranked seventh in the Citywire 2008 Top 100 Fund Managers in Britain†.
"Guy has comfortably outperformed all other UK financial funds over three and five years and is one of the best performing financials fund managers in the world since he began managing the New Star Global Financials Fund in December 2001."
-ends-
# Source: At 28 February 2008
* Source: Lipper, mid to mid, net income reinvested - 28.12.2001 - 11.03.2008
† Source: Citywire, March 2008
For further information please contact:
Trina Arthur New Star 020 7225 9574
Polhill Communications 020 7655 0540
NOTES TO EDITORS:
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. The opinions expressed here are solely those of the fund manager at the time of print and should not be interpreted as investment advice.
The New Star Global Financials Fund (formerly the WorldInvest Management Fund) (the "Fund") opened to retail investment on 19 May 2003. Performance history for the Fund includes that of the WorldInvest Management Fund which was launched on 28 December 2001.The Fund invests in a specialist sector, which may be less liquid and produce more volatile performance than an investment in a spread of investment sectors.
This document is for professional investors, professional advisers and other financial institutions only and should not be provided to or relied upon by private investors. 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, this Fund cannot be the subject of active marketing in your jurisdiction.
The Fund is registered for sale in the UK, France, Spain and Italy. In Singapore the Fund is recognised as a Restricted Collective Investment Scheme by the Monetary Authority of Singapore.
Full details of the Fund including risk factors can be found in the prospectus which is available on request.
New Star Investment Funds is the trading name of New Star Investment Funds Limited, part of the New Star Marketing Group. New Star Investment Funds is not authorised to give investment advice and only provides information on the New Star Group's products.
Issued by New Star Investment Funds Limited. Authorised and regulated by the Financial Services Authority.
