19 May 2008 07:52
NEW STAR INVESTMENT TRUST PLC INTERIM MANAGEMENT STATEMENT
Unaudited Interim Management Statement
for the quarter ended 31st March 2008
This is the Company's interim management statement for the quarter ended 31st March 2008. 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 January 2008 and the date of this statement's publication.
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 31st March 2008
31st March 2008 31st December 2007 Net asset value per share 140.50p 150.27p(mid) Net assets (mid) ‚£99,791,136 ‚£106,725,000
Ten largest holdings at 31st March 2008
Value at 31st March 2008 (‚£'000) New Star UK Alpha Fund ‚£8,627
New Star Global Financials Fund ‚£4,896
Investec Africa Fund ‚£4,631 New Star Asset Management Ord ‚£4,583 Global Property Fund B shares ‚£4,515 New Star Hidden Value Fund ‚£4,116 New Star European Hedge Fund ‚£4,000
New Star Accelerator Hedge Fund ‚£3,891 New Star European Growth Fund ‚£3,843 New Star European High Yield Fund ‚£3,665
Financial performance Quarter ended Year to 31st March 2008 30th June 2007 Ordinary Share NAV (6.5)% 18.8% FTSE World Index (9.6)% 13.7% FTSE All-Share Index (10.9)% 14.7%
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 May 2008ENDS
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