New Star reports record first-half inflows

New Star has reported a 17% increase in assets under management over the last six months in its inter...

New Star has reported a 17% increase in assets under management over the last six months in its interim results. The group has seen first-half UK retail sales of £1.1bn, with significant inflows into its European Growth (£207m), Higher Income (£183m) and Managed Distribution funds (£100m). John Duffield, New Star chairman, said: “We have had a record first-half. We now face a somewhat more challenging environment. Subject to markets not deteriorating, we remain robust about our prospects for the full year and expect to continue to generate growth.”