Norwich offers property market exposure via Isa

the group is to cease promoting actively managed cat-standard funds to investors

Norwich Union is to launch a property Isa and raise the charges on a number of portfolios as it looks to withdraw from actively managed Cat funds. Under current regulations, investors cannot hold property unit trusts within an Isa. However, the structure of the Norwich Union product is a specially set up company listed on the Dublin stock exchange, the shares of which are eligible for Isa investment. This company will hold units in the Norwich Property Trust, thereby giving investors exposure to the commercial property market within the Isa. The Norwich Property Trust invests in direc...