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Article: New name and aims for New Star Pacific fund.(Henderson New Star fund manager Mike Kerley)(Brief article)
- Article from:
- Money Marketing
- Article date:
- October 29, 2009
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Henderson New Star is to change the name and investment objectives of its New Star Pacific growth fund.
The fund is to be renamed the New Star Asian dividend income unit and will change from a capital return fund to a total return fund that seeks both income and capital.
Other proposed changes include making use of derivatives as well as taking the annual management charge of the fund from the capital rather than the income. The group is also looking to increase the frequency of distribution from half-yearly to a quarterly basis.
Henderson director of pan-Asian equities Mike Kerley is to take on the management of the fund from Andy Beal. Beal ...