Fourth tranche of ETS product

New Star is offering the fourth tranche of its Hedge ETS product, giving exposure to the performance...

New Star is offering the fourth tranche of its Hedge ETS product, giving exposure to the performance of the RBC Hedge 250 Index. Hedge ETS, which originally launched at the end of November 2006, has raised over $310m in three placings and two smaller issues. Investors have a choice between two basic share classes: one times offers unleveraged exposure to the performance of the index and three times triples the return. C shares will convert into ordinary shares on 3 January 2008. Shareholders will have the opportunity to redeem up to 100% of their shares at close to net asset value on the...