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Fund manager: | Roger Dossett | ||
| Date recorded: | 01.08.2007 | |||
| Length: | 12 mins 50 seconds | |||
| Introduction: | Watch Roger Dossett's foundation video about the New Star International Property Fund. |
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Important information
The opinions expressed here are the fund managers' and consultants at April 2007 and should not be interpreted as investment advice. This interview is provided for the purpose of information only and does not constitute an offer or solicitation to invest in the fund detailed.
Past performance is not necessarily a guide to future performance. Full details of the fund including risk factors can be found in the prospectus which is available on request. Yield figures may vary and are not guaranteed. The annual management charge for the New Star International Property Fund is taken from capital. Capital growth will therefore be restricted. The value of investments may be affected by changing stockmarket conditions and, where applicable, by exchange rate movements. Investors may not get back the amount they originally invested when they sell their investment. The New Star International Property Fund invests in a specialist sector, which may be less liquid and produce more volatile performance than an investment in broader investment sectors.
Due to the time required to acquire properties the fund may at times hold less than 80% in physical properties, particularly during periods of significant inflows such as the launch period.
Whilst property valuations are conducted by an independent expert, any such valuation is a matter of the valuer's opinion. The fund could be subject to significant losses if it holds a large position in a particular region that declines in value or is otherwise adversely affected. The amount raised when a property is sold may be less than the valuation, especially if the property needs to be sold quickly. Although the property shares element of the fund provides it with some liquidity, in certain circumstances, for example where there are significant redemptions, there may be constraints on the redemption or switching of shares in the fund.
Although national interest rates and changing currency exchange rates may benefit the fund, they also present an added risk. The managers may seek to reduce the impact of any risk of fluctuations in international interest rates and currency exchange rates by purchasing instruments that provide hedging.
The value of capital and income will fluctuate as property values and rental income rise and fall. The opinions expressed here represent the views of the fund managers at the time of preparation and should not be interpreted as investment advice.
Whilst the manager will seek to hold a relatively diversified portfolio, as a result of operating in an international remit over a large number of jurisdictions and with investments in largely illiquid assets the fund's performance may be adversely affected by changes in market and economic conditions, tax or other laws or regulations or accounting standards.
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 New Star's products.
Data sources: New Star, DTZ, CBRE, IMA. All data current at time of production.
If you do not have specialist knowledge of this asset class or are unsure about the suitability of this investment, please contact your financial adviser.
Issued by New Star Investment Funds Limited. Authorised and regulated by the Financial Services Authority.
