16 Nov 2007 17:00
NEW STAR INVESTMENT TRUST PLC INTERIM MANAGEMENT STATEMENT
New Star Investment Trust PLC
First Interim Management Statement for the year ending on 30th June 2008
To the members of New Star Investment Trust PLC ("the Company")
This is the Company's first interim management statement for the year ending 30th June 2008. It covers the period to 16th November 2007.The statement is being made solely to comply with the requirements of the UKLA's Disclosure and Transparency Rules and should not be relied upon by third parties for any other purpose.
Investment Objective
The Company's objective is to achieve long-term capital growth.
Benchmarks
The Board has agreed that to measure the extent to which the Company is achieving its investment objective, reference should be made to the returns of the FTSE World Index and the FTSE All-Share Index.
Capital Structure
The Company has a simple capital structure consisting of Ordinary shares.
Material Events
There have not been any material events between 1st July 2007 and the date of this statement's publication.
A final dividend of 1.0p net per Ordinary share will be paid on 22nd November 2007to shareholders on the register on 2nd November 2007, subject to the approval of shareholders at the Company's annual general meeting which will be held on 21st November 2007.
There have been no changes to the Company's issued or authorised share capital which remains: 305,000,000 Ordinary shares of ‚£0.01 authorised and 71,023,695 Ordinary shares of ‚£0.01 issued.
Material Transactions
There have been no material transactions during the period.
Financial Position
NAV and Total Assets at 16th November 2007
16th November 2007 30th June 2007 Net asset value per share 159.06p 174.15p (mid) Net assets (mid) ‚£112,969,492 ‚£123,689,000
Ten largest holdings at 16th November 2007
Value at 16th November 2007 (‚£'000) New Star Asset Management Group ‚£10,708
New Star European Hedge Fund ‚£7,600 New Star UK Alpha Fund ‚£5,895
New Star Global Financials Fund ‚£5,813
Global Property Fund B shares ‚£5,005 New Star Hidden Value Fund ‚£4,777
New Star Accelerator Hedge Fund ‚£4,705 Investec Africa Fund ‚£4,064 New Star European Growth Fund ‚£3,850 New Star UK Special Situations Fund ‚£3,838
Financial performance Period 1st July 2007 to Year to 30th June 2007 16th November 2007 Portfolio (8.66) % 18.8% FTSE World Index (0.71)% 13.7% FTSE All-Share Index (4.19)% 14.7% Company InformationYear end: 30th June
Interim Results to 31st December 2007 announced March 2008
Further Information on the Company, including fact sheets and annual and interim reports of the Company can be obtained from the Manager's website at www.newstaram.com
By order of the Board
New Star Asset Management Limited
Company Secretary16th November 2007ENDS
NEW STAR INVESTMENT TRUST PLC