Two cautious managed type funds from New Star

New Star is looking at launching two further cautious managed style funds over the course of the yea...

New Star is looking at launching two further cautious managed style funds over the course of the year. The first is likely to be a unit trust similar to the group's existing Managed Distribution fund run by Theo Zemek with input from James Gledhill and Toby Thompson. However, the proposed product would also contain a property component, according to Rob Page, marketing director at New Star. Page said the group was still determining how the fund would be structured and how property exposure would be achieved. The second fund would be a fund of funds, managed by Mark Harris. Page said New Sta...