New Star Heart of Africa

Murphy_The_Cat

still doing OK !

Liz_the_Whizz

Yes, a "surging" 7% hike in value on paper since purchase.

Stands out as one of the soothing blues in my H-L portfolio, amongst an angry rash of red;) :mad: .

Murphy_The_Cat

Liz_the_Whizz wrote: »

Yes, a "surging" 7% hike in value on paper since purchase.

Stands out as one of the soothing blues in my H-L portfolio, amongst an angry rash of red;) :mad: .

I'm unable to use the word surge without blushing :rotfl:

can i go further and suggest that not only is it soothing, but maybe a VERY pleasant surprise that the colour is as blue as it is

Murphy_The_Cat

Worthy of a mention, the Lion has just cracked 10% growth

Murphy_The_Cat

H-L have just posted what they currently think about the Heart of Africa fund

MisterNick

Bloombergs have just reported that New Star Asset Management is freezing its Heart of Africa Fund to meet redemptions.

Debt_Free_Chick

MisterNick wrote: »

Bloombergs have just reported that New Star Asset Management is freezing its Heart of Africa Fund to meet redemptions.

Interesting ...... I wonder if that's panic selling by novice investors who fear they'll lose all their money or who don't understand "long-term investment"?

Or is the 0% interest-free period up on their credit card?

Debt_Free_Chick

New Star's Announcement here

Lokolo

Yeh I think its because of the mass selling. I haven't sold my investments because I am going to wait and see whats going to happen (a lot of the media are suggesting that the current fund managers are likely to stay anyway so..). However dunstonh said he has sold a lot of his investors NS funds 'just in case'.. so I imagine thats whats happening.

Hm, nevermind looks like I am at the wrong end of the stick

dunstonh

However dunstonh said he has sold a lot of his investors NS funds 'just in case'.. so I imagine thats whats happening.

I switched out some of the funds but not others. Ironically, this was one of the funds I didnt switch out and to be honest, I dont see any reason to do so even now (if you could or when the 28 day period is over).

I focused on the funds that are likely to merge but I did also mention I was keeping it under review. I was more surprised at how little there was in NS funds overall. When I did a reverse portfolio there wasnt as many people invested in new star funds on my books as I thought there would be and where they were, the amounts were small. Often because they were picked as niche/specialist funds, just like this one.