New Star Global Financials Accumulation
Sell : 161.80p | Buy : 161.80p | down 1.40p
Last valuation as at 21-11-2008
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.25% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.87% |
| Launch date | 28-12-2001 |
| Launch price | £0.87 |
| Sector | Specialist |
| Fund size | £179 million |
| Number of holdings | 90 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
The financial sector has been through a tough period recently. The fund has held higher than normal levels of cash but it has not been immune to the volatility. It continues to steer clear of major domestic banks in the UK, US, Ireland and Spain. Instead, it prefers regions where there is evidence of growth like Asia. Interesting opportunities are appearing in Japan but the risks of a downturn will be monitored carefully.
Full research
About the Fund Manager
Guy De Blonay
Located in: London
Guy has 13 years' investment experience, specialising in global financial equities as well as in Asian and Latin American markets. He joined New Star in 2001 from Jupiter Asset Management.
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 October 2008 |
|---|---|
| Payment date ³ | 31 January 2008 |
Top 10 holdings
| EUX DJ Euro Stoxx INS 600 December 08 | 5.68% |
|---|---|
| Oester Kontrol Bank 4.125% 30/11/2009 | 5.22% |
| HSBC Holdings PLC (UK Reg) | 5.18% |
| Zurich Financial Services AG | 4.65% |
| Swiss (Govt) 3.5% 07/08/2010 | 4.25% |
| Intesa-Sanpaolo | 4.04% |
| DnB NOR ASA | 3.85% |
| Landwirtschaft Rentenbk 5.5% 07/12/2009 | 3.59% |
| European Inv Bank 4% 15/04/09 | 3.44% |
| EIB 4.5% 17/02/09 | 3.39% |
Top 10 sectors
| Bonds | 35.65% |
|---|---|
| Banks | 25.88% |
| Financial Services | 8.82% |
| Nonlife Insurance | 8.38% |
| Non-Classified | 8.17% |
| Cash and Equiv. | 6.55% |
| Equity Investment Instruments | 3.33% |
| Software & Computer Services | 1.79% |
| Real Estate Investment Trusts | 0.87% |
| Real Estate Investment & Services | 0.25% |
Top 10 countries
| Germany | 16.19% |
|---|---|
| Switzerland | 15.30% |
| United Kingdom | 11.59% |
| Luxembourg | 10.15% |
| Non-Classified | 9.32% |
| United States | 6.68% |
| Cash and Equiv. | 6.55% |
| Austria | 5.30% |
| Italy | 4.55% |
| Norway | 3.85% |
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.
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