New Star UK Growth Fund manager: Export market strong

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New Star UK Growth Fund manager: Export market strong

New Star UK Growth Fund has delivered top quartile performance over the last four years and its manager has today made comment on the state of the market.

Stephen Whittaker, manager of the New Star UK Growth Fund, said: "The stronger economic data has meant that interest rate expectations have firmed up a little, with notions of a cut giving way to no change or even a rise."

With the global economy in a state of recovery, the British economy grew 0.6 per cent in the first quarter of 2006, which Mr Whittaker explained "bodes well for UK exporters."

House builders were singled out by Mr Whittaker as being in a strong position to benefit from the current state of the UK economy.

The New Star UK Growth Fund is part of a range of investment options from the asset management company founded in 2000.

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