Tri-star launch from New Star features discount

New Star launches its Tri-star product on 12 June, investing in a combination of UK equities, bonds and commercial property and run by three of its managers in these asset classes, overseen by joint deputy CIO, Gregor Logan.

As first reported in Investment Week in March, Logan is responsible for asset allocation within the fund while managers Stephen Whittaker, James Gledhill and Roger Dossett will each manage a portion of the assets. While Whittaker and Gledhill will each run a separate mandate for the equity and bond portions, the commercial property exposure comes through investment in Dosset's Property unit trust.

New Star is offering a 1% launch discount on lump sum investments made during the offer period, which closes on 30 June. Minimum investment is set at £1,000 lump sum and £100 per month. There is a 5% initial charge plus 1.35% annual fees and the portfolio aims to achieve a net income yield of 4%, paid bia-annually on 1 August and 1 February.

Categories: Equities | Investment

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