GLobal financials and financial leaders funds are to merge before the end of the year
New Star is to merge its £41m Global Financials and £35m Financial Leaders funds by the end of the year, subject to unit holder approval. The latter was inherited when New Star acquired Edinburgh Fund Managers' retail fund range via Aberdeen several years ago. Both are managed by Guy de Blonay and have similar portfolios. Rob Page, international marketing director at New Star said it had not been a priority to merge the two portfolios before now. Going forward, the fund will retain the Global Financials name and its performance track record. New Star Global Financials is ranked eighth ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
