Last checked at 
13 May 2009 16:52
NEW STAR INVESTMENT TRUST PLC INTERIM MANAGEMENT STATEMENT Unaudited Interim Management Statement for the quarter ended 31st March 2009
This is the Company's interim management statement for the quarter ended 31st March 2009. 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.
Financial Summary
31st March 2009 31st December 2008 Net asset value per share (bid) 83.7p 87.0p Net assets (bid) £59,469,000 £61,771,000 Share price 54.0p 59.0pFinancial performance Quarter ended Financial 31st March 2009 Year to date Ordinary Share NAV (3.8)% (38.3)% Share price (8.5)% (48.8)% FTSE World Index (10.2)% (30.5)% FTSE All-Share Index (10.9)% (20.6)%
Ten largest holdings at 31st March 2009
Value at % of Net Assets 31st March 2009 (£'000) Blackrock Gold and General Fund 4,324 12.8 Lyxor Gold Bullion Securities ETF 3,481 10.3 Natixis Loomis Sayles Multisector 3,280 9.7Income Fund Investec Africa Fund 2,560 7.6 Skandia UK Strategic Best Ideas Fund 2,496 7.4 Global Property Fund Ltd 2,262 6.7 Synergy Fund Limited B Acc 1,940 5.7 Matrix Ascension Closed End Fund 1,881 5.6 Ishares Xinhua/China 25 1,577 4.7 Occam Umbrella Asia Focus Fund 1,420 4.2 TOTAL 25,221 74.7Board of Directors
At his request, Mr James Roe stepped down as chairman of the Company with effect from 13 May 2009. Mr Geoffrey Howard-Spink has been appointed Chairman in his stead.
The Board of New Star Investment Trust PLC would like to thank Mr Roe for all his hard work for the Company and is very pleased that he is continuing as a Director.
Manager
The Company's Manager is New Star Asset Management Limited. On 9 April 2009 the parent company of the Manager, New Star Asset Management Group PLC, was acquired by Henderson Group plc.
Portfolio Manager
The Company's portfolio manager is Mr Simon Akroyd. Mr Akroyd was appointed portfolio manager on 10 December 2008.
Capital Structure
The Company has a simple capital structure consisting of Ordinary shares. 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 Events
There have been no other any material events or related party transactions between 1st January 2009 and the date of this statement's publication.
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 Secretary
13th May 2009
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