Focus on prime end of market has brought value to New Star UK Property fund
With all funds bearing the New Star prefix due to be renamed Henderson in April, New Star UK Property has seen a significant increase in performance since Henderson took over New Star Asset Management in May 2009. The fund is up 13.5% over one year to 15 March according to Morningstar. Launched in June 1999, the £777.45m vehicle aims to achieve long-term capital and income growth through investment in commercial property and property- related assets. Other investments may include money market instruments, derivatives and forward foreign exchange contracts. When Henderson took over ...
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