New Star Managed Distribution Fund Awarded ‘AA’ rating

New Star is delighted to announce that the New Star Managed Distribution Fund has been awarded a new ‘AA’ rating by Standard & Poor’s.

The £430 million fund is invested approximately 60% in bonds and 40% in equity income stocks.

The New Star Managed Distribution Fund returned 61.9% against a 47.6% return for the IMA Cautious Managed sector index between its launch on 3 March 2003 and 29 December 2006. The fund has delivered top quartile returns in the IMA Cautious Managed sector over both one and three years.

Theodora Zemek, who is ‘AAA’ rated by Citywire, has been the lead manager of the fund since its launch on 3 March 2003. Theodora is supported by James Gledhill and Toby Thompson, two of the industry’s leading fund managers. James Gledhill, who is also ‘AAA’ rated by Citywire, is responsible for managing the corporate bond portion of the fund whilst Toby Thompson is responsible for selecting the equity income stocks.