NAV and Portfolio Update
June 03 2009 - 5:56AM
UK Regulatory
TIDMNST
RNS Number : 2900T
New Star Financial Opp Fd Ltd
03 June 2009
The Directors of New Star Financial Opportunities Fund Limited today announce
that the unaudited Net Asset Value per Ordinary Share based on bid prices
(excluding income from 1 December 2008) as at 31 May 2009 was 32.38 pence
(including income it was 32.27 pence).
The Company had total assets of GBP20.001 million and net current liabilities of
GBP7.653 million as at 31 May 2009.
Largest Holdings
+---------+-----------------------------------+--------------+--------+
| Holding | Stock | Value | % of |
| | | GBP | Fund |
+---------+-----------------------------------+--------------+--------+
| | | | |
+---------+-----------------------------------+--------------+--------+
| | | | |
+---------+-----------------------------------+--------------+--------+
| 196488 | HSBC Holdings |1,093,455.72 | 5.47% |
+---------+-----------------------------------+--------------+--------+
| 325000 | Personal Group Holdings | 827,125.00 | 4.14% |
+---------+-----------------------------------+--------------+--------+
| 150000 | DnB NOR | 768,916.07 | 3.84% |
+---------+-----------------------------------+--------------+--------+
| 750000 | Santander International 3.375% | 661,751.15 | 3.31% |
| | Bond | | |
+---------+-----------------------------------+--------------+--------+
| 23818 | Julius Baer | 619,930.03 | 3.10% |
+---------+-----------------------------------+--------------+--------+
| 2444 | Banque Cantonale Vaudoise | 579,485.38 | 2.90% |
+---------+-----------------------------------+--------------+--------+
| 154895 | Aviva | 518,123.78 | 2.59% |
+---------+-----------------------------------+--------------+--------+
| 750000 | Investec Finance 7.75% Bond | 451,725.00 | 2.26% |
+---------+-----------------------------------+--------------+--------+
| 5066 | Munich Re | 436,540.90 | 2.18% |
+---------+-----------------------------------+--------------+--------+
| 550000 | SVG Capital 8.25% CULS | 436,315.00 | 2.18% |
+---------+-----------------------------------+--------------+--------+
| 487961 | Sberbank | 428,181.96 | 2.14% |
+---------+-----------------------------------+--------------+--------+
| 500000 | Intesa Sanpaolo 6.625% Bond | 420,144.83 | 2.10% |
+---------+-----------------------------------+--------------+--------+
| 750000 | Provident Financial 7.125% Sub | 411,000.00 | 2.05% |
| | Bond | | |
+---------+-----------------------------------+--------------+--------+
| 300000 | Randall & Quilter | 384,000.00 | 1.92% |
+---------+-----------------------------------+--------------+--------+
| 700000 | Kensington Group 9% Bond | 350,000.00 | 1.75% |
+---------+-----------------------------------+--------------+--------+
| 550000 | Generali Finance 6.214% Bond | 345,610.65 | 1.73% |
+---------+-----------------------------------+--------------+--------+
| 8379 | Deutsche Bank | 343,838.71 | 1.72% |
+---------+-----------------------------------+--------------+--------+
| 269072 | RSA Insurance | 337,685.36 | 1.69% |
+---------+-----------------------------------+--------------+--------+
| 149876 | Marfin Popular | 335,469.65 | 1.68% |
+---------+-----------------------------------+--------------+--------+
| 350000 | 3i Group 3.625% CULS | 318,500.00 | 1.59% |
+---------+-----------------------------------+--------------+--------+
| 225000 | Hansard Global | 307,125.00 | 1.54% |
+---------+-----------------------------------+--------------+--------+
| 350000 | Standard Chartered 8.103% Sub | 296,415.00 | 1.48% |
| | Bond | | |
+---------+-----------------------------------+--------------+--------+
| 23422 | Standard Chartered | 293,946.10 | 1.47% |
+---------+-----------------------------------+--------------+--------+
| 500000 | BNP Paribas 4 7/8% Bond | 284,924.29 | 1.42% |
+---------+-----------------------------------+--------------+--------+
| 550000 | F&C Asset Management 6.75% Sub | 283,085.00 | 1.42% |
| | Bond | | |
+---------+-----------------------------------+--------------+--------+
| 800000 | Prudential Finance 6.5% Sub Bond | 276,828.63 | 1.38% |
+---------+-----------------------------------+--------------+--------+
| 500000 | Axa 6.772% Bond | 268,400.00 | 1.34% |
+---------+-----------------------------------+--------------+--------+
| 300000 | RSA Insurance 7.375% Pref | 264,000.00 | 1.32% |
+---------+-----------------------------------+--------------+--------+
| 600000 | SL 5.314% Bond | 255,905.20 | 1.28% |
+---------+-----------------------------------+--------------+--------+
| 4612 | Deutsche Boerse | 247,673.61 | 1.24% |
+---------+-----------------------------------+--------------+--------+
| | | | |
+---------+-----------------------------------+--------------+--------+
| Derivatives | | |
+---------------------------------------------+--------------+--------+
| | | | |
+---------+-----------------------------------+--------------+--------+
| | The Company has short positions equivalent to -10.2% |
| | of total assets |
+---------+-----------------------------------+--------------+--------+
Asset Allocation
+------------------------------------------+--+--------+
| Fixed Interest | 37.6% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Banks | | 16.1% |
+------------------------------------------+--+--------+
| | | |
+------------------------------------------+--+--------+
| General Financial | 9.3% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Insurance | | 5.1% |
+------------------------------------------+--+--------+
| | | |
+------------------------------------------+--+--------+
| Life Assurance | 3.8% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Investment Companies | 3.3% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Real Estate | | 0.0% |
+------------------------------------------+--+--------+
| | | |
+------------------------------------------+--+--------+
| Equities | | 62.5% |
+------------------------------------------+--+--------+
| | | |
+------------------------------------------+--+--------+
| Banks | | 29.0% |
+------------------------------------------+--+--------+
| | | |
+------------------------------------------+--+--------+
| Insurance | | 15.6% |
+------------------------------------------+--+--------+
| | | |
+------------------------------------------+--+--------+
| General Financial | 7.6% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Life Assurance | 6.0% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Investment Companies | 1.9% |
+---------------------------------------------+--------+
| | | |
+------------------------------------------+--+--------+
| Real Estate | | 2.4% |
+------------------------------------------+--+--------+
The Company has 38,132,932 Ordinary Shares in issue.
Enquiries to:Elysium Fund Management Limited
No 1 Le Truchot
St Peter Port
Guernsey GY1 3JX
www.elysiumfundman.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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