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 yesterd...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
