Norwich Union launches guaranteed fund

Friday, September 2, 2005

Norwich Union has announced the release of a new series of its Guaranteed Fund, which is set to deliver good capital growth through varied asset investment.

The duration of each series is five years, making an initial investment of between 40 and 45 per cent upon launch.

At a minimum investment of £5,000 the product is available through Norwich Union's Portfolio investment bond.

Head of investment at Norwich Union, Neil Davies, said: "The Guaranteed Fund is popular with cautious investors who want to invest in the stock market but don’t want to take too much of a risk with their money. The fund is popular with financial advisers because it offers exposures to a wide range of assets.

"It invests in a diversified range of assets that can include UK and global equities, property and fixed interest. The fund is actively managed by our experienced fund managers."