New Star chairman John Duffield says New Star posted a strong first quarter this year, as the firm prepares to list on the London Stock Exchange.
Net inflows into UK retail funds were £780m compared to £536m in the corresponding period in 2006. Meanwhile, net inflows into international retail funds of £703m, compared to £159m in the corresponding period in 2006. Taking the international and UK mutual fund sales together, retail inflows so far this year have been approximately 62% into equity products, 23% into property products and 14% into bond products. Speaking at the group’s AGM, Duffield says: “New Star continues to make strong progress. The group’s assets under management have increased to approximately £24.8bn at yesterday...
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