New Star’s Asian Opportunities Fund retains its AA rating according to S&P

The latest Standard & Poor's review of the Dublin-domiciled New Star Asian Opportunities Fund, a sub-fund of the New Star Global Investment Funds PLC, has resulted in the fund maintaining its AA-rating.

S&P said of the New Star Asian Opportunities Fund:
"Performance over the medium to longer term has been above average and the fund maintains its S&P AA rating."

The New Star Asian Opportunities Fund is managed by Ian Beattie and co-managed by Lucy Bernays, who combine bottom-up stock selection with macroeconomic analysis to identify growth opportunities throughout the Asia Pacific region.

The fund focuses on companies that are genuinely creating shareholder value and are exhibiting positive future trends, with particular use made of Economic Value Added methodology.

Gregor Logan, joint chief investment officer at New Star Asset Management, said:
"The S&P verdict for the AA-rated fund is further validation of the fund's proven investment style. The above-average performance of the fund is testament to Ian's investment philosophy."  


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For further information please contact:

Trina Arthur                                 New Star                        020 7225 9574
Polhill Communications                                                      020 7655 0540 

NOTES TO EDITORS:

• New Star was founded in June 2000 by John Duffield, previously the founder of Jupiter Asset Management.
• 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 employs more than 400 people and has offices in London, Dublin, Bermuda, Madrid, Zurich, Milan and Hong Kong.
• 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.
  
  
  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 made in the fund involves 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 is for professional investors, other financial institutions and professional advisers 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, the fund 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, in the case of the Hong Kong, the offering document. Any investment decision must be made solely on the basis of the information contained in the prospectus/offering document, the simplified prospectus, the articles of association and the most recent annual and interim reports, which are 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 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 Fund has been registered for distribution in Denmark with the Danish Financial Supervisory Authority, in Sweden with the Swedish Financial Authority, in Finland with the Finnish Financial Supervision Authority, in France with the Autorité des Marchés Financiers, in Spain with the Comisión Nacional del Mercado de Valores under number 407, in the Netherlands with the Autoriteit Financiële Markten, in Italy by the Bank of Italy and in the United Kingdom with the FSA. Fortis Foreign Fund Services AG, Rennweg 57, P.O. Box, 8021 Zurich 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-fund is recognised as a 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. Legal Information |