It’s now almost three months since we last wrote about the New Star International Property Fund. During time it has exceeded its original (launch phase) target of £200m, reporting that £206m was actually subscribed. However, the same period has seen turbulence for investors in the new fund’s big sister, New Star’s Property Unit Trust, with lower returns sparking a rush to get out.
What’s certainly not open to question is New Star’s thoroughness in stating case through advertising in good times and bad. The group launched a new campaign in the personal finance press specifically to deal with the bad publicity arising from the switch to ‘bid basis’ pricing when the volume of ‘sell’ instructions threatened to undermine the model that a property fund like New Star’s works on.




