New Star European Growth Class R Accumulation Units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.77% |
| Launch date | 23-07-2001 |
| Launch price | £50.00 |
| Sector | Europe Excluding UK |
| Fund size | £912 million |
| Number of holdings | 56 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
At the start of this year, Richard Pease moved the fund away from the economically sensitive areas to focus on companies with defensive characteristics that could prove resilient in an economic slowdown. Whilst this has proven beneficial the fund has not been immune to the financial crisis and holdings in companies like Fortis have affected performance recently. Despite these headwinds, we believe patient investors will be rewarded longer term.
Full research
About the Fund Manager
Richard Pease
Located in: London
Richard Pease is director of European Equities and fund manager at New Star and has 24 years' investment experience. He is widely regarded as one of the most talented European excluding the UK fund managers. Prior to joining New Star in 2001, he was fund manager at Jupiter Asset Management. Richard holds a BA in General Arts from Durham University.
Income details
| Running yield | N/a |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 September 2008 |
|---|---|
| Payment date ³ | 31 October 2008 |
Top 10 holdings
| Sodexo | 3.53% |
|---|---|
| Fortum Oyj | 3.27% |
| Sampo Oyj Series A | 3.27% |
| Schindler Holding AG Part.Cert. | 3.17% |
| Wolters Kluwer N.V. Cert. | 3.16% |
| Actelion | 3.11% |
| Kone Oyj B | 2.91% |
| Wincor Nixdorf AG | 2.83% |
| Total S.A. | 2.73% |
| Royal Dutch Shell A | 2.70% |
Top 10 sectors
| Industrial Engineering | 9.96% |
|---|---|
| Oil & Gas Producers | 9.04% |
| Cash and Equiv. | 8.47% |
| Banks | 8.43% |
| Food & Drug Retailers | 7.09% |
| Chemicals | 6.65% |
| Construction & Materials | 4.87% |
| Pharmaceuticals & Biotechnology | 4.76% |
| Oil Equipment, Services & Distribution | 4.64% |
| Travel & Leisure | 4.25% |
Top 10 countries
| France | 20.16% |
|---|---|
| Germany | 13.48% |
| Netherlands | 13.31% |
| Finland | 13.05% |
| Switzerland | 8.67% |
| Cash and Equiv. | 8.47% |
| Italy | 4.80% |
| Belgium | 3.52% |
| Norway | 3.19% |
| United Kingdom | 2.70% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 30/09/2008.
