Norwich Union is launching a second tranche of its Guaranteed fund for investors in the group's Port...
Norwich Union is launching a second tranche of its Guaranteed fund for investors in the group's Portfolio Investment Bond. The Guaranteed fund, which has a five-year life, is run as a cautious portfolio investing in UK and international equities, fixed interest, property and cash. It will be available from 9 August 2004. The portfolio will be run by Steve Cleal, who also manages Norwich Union's Balanced Managed fund. Exposure to property and equities will be gained via investing in Morley funds but Cleal will also invest directly in fixed interest stocks. The capital guarantee kicks in...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
