New Star fund buys into Schroder trust

Newman, Amanda
November 2005
Money Marketing;11/24/2005, p32
The article states that New Star Asset Management Ltd.'s recently established portfolio unit trust fund of funds has made its first investment into Schroder Investment Management Ltd. income maximizer. Schroder income maximizer is a unit trust which invests in higher-yielding British large-capitalization stocks and trades covered call options on these stocks to enhance the yield. Schroder has set an initial target yield of around 7 per cent for the fund, of which 3.5 per cent is expected to come from dividends. New Star fund of funds manager Craig Heron said that the covered call options potentially limit the upside but it is a lower-risk strategy.


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