New Star Tri-Star Unit Trust added to Friends Provident platforms

New Star’s Tri-Star Unit Trust, which offers exposure to commercial property, bonds and UK equities in one fund, is now available through Friends Provident’s Investment Portfolio Bond, Discounted Gift Bond and ISA.

The fund was launched in July 2006 and is managed by New Star’s joint chief investment officer, Gregor Logan. Gregor is responsible for asset allocation, determining the appropriate weightings in UK equities, bonds and commercial property.

Stock selection in each asset class is managed by three of the industry’s leading fund managers in their respective sectors: Stephen Whittaker for UK equities, James Gledhill for bonds and Roger Dossett for commercial property. The commercial property exposure is via direct investment into the existing New Star Property Unit Trust.

Christine Foyster, head of wealth management at Friends Provident, says: “Friends Provident prides itself in offering carefully-selected, high quality funds from top-rated asset managers on our investment platform. Customers and advisers are looking to Friends Provident for the best investment choices with funds that produce consistent returns through the use of different assets. We are delighted to offer New Star’s Tri-Star as part of our investment option.”

Phil Wagstaff, managing director, UK retail sales and marketing at New Star, says: "We are delighted that Tri-Star is now available through all Friends Provident investment products – the fifth New Star fund to be made available through these platforms. This is excellent news because we want to ensure New Star's investment products have the widest possible availability to advisers and their clients. We have partnered with Friends Provident for several years and its products are excellent channels through which to extend the availability of our funds.”