New Star reports 'buoyant' trading in '07

clock

New Star Asset Management Group says that trading has been ‘buoyant' in the first half of 2007, despite unsettled equity and bond markets.

The group reports that assets grew to £24.7bn by the end of June 2007, a 17% increase on the £21.2bn worth of assets under management recorded at the end of 2006, but slightly lower than figures for May. Net asset inflows in the first half of 2007 hit £2.3bn, compared with £851m during the same period last year, indicating that rumours of a slowing economy have not deterred investors. Mututal funds have received considerable interest during the past six months. At the end of 2006, New Star’s international mutual funds were managing around £1.1bn, but by the end of June 2007 this had ri...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

US investment manager Nuveen to buy Schroders in £9.9bn deal

US investment manager Nuveen to buy Schroders in £9.9bn deal

Combined group will oversee almost $2.5trn of assets under management

Linus Uhlig
clock 12 February 2026 • 2 min read
UK DIY investment grew by more than £100bn in 2025

UK DIY investment grew by more than £100bn in 2025

According to data released by Boring Money

Patrick Brusnahan
clock 11 February 2026 • 2 min read
Darius McDermott: Think active for the decade ahead

Darius McDermott: Think active for the decade ahead

'There are reasons to be nervous about the largest companies in the index'

Darius McDermott
clock 11 February 2026 • 5 min read