New Star Asset Management is launching its third fund which will be concentrated on the 35 to 40 best UK company stocks.
The fund aims to offer higher potential rewards through an aggressive active management policy and will mainly focus on medium-sized UK firms, as there is more growth potential in these stocks compared to blue-chip companies. John Duffield, chairman of New Star, said: "This fund is complementary to the two funds we launched in the summer. I believe recent falls in the markets have left many companies undervalued, providing an excellent buying opportunity." New Star manages over £1.7bn (€2.7bn) of assets and has a team of 17 fund managers and analysts.
