Norwich Union is extending the range of investment funds available on its Portfolio Bond, Bond 2000 and FlexiBond to include six new Socially Responsible Investment funds ( SRI's).
Norwich Union is extending the range of investment funds available on its Portfolio Bond, Bond 2000 and FlexiBond to include six new Socially Responsible Investment funds ( SRI's).
The new SRI funds only invest in companies that actively address global concerns and, through sustainable development, aim to provide good investment performance. Three of the funds have already been awarded A or AA ratings from Standard & Poor's. The Norwich Union funds focus on companies which provide solutions for today and tomorrows social and environmental issues. Increasingly it is being recognised that forward looking, responsible companies are most likely to produce the attractive returns.
The Portfolio Bond, Bond 2000 and FlexiBond now offer access to an even more comprehensive range of investment funds:
- With Profit fund
- With Profit income fund
- Guaranteed fund
- 3 Managed funds
- 6 SRI funds
- Specialist investment linked funds
Commenting on the new funds choice, Julie Chong head of investment propositions at Norwich Union, said: "The addition of the six socially responsible investment funds to these bonds gives clients an even wider choice of investment opportunities.
"Commitment to sustainable development is increasingly being recognised as a precursor to long term growth and enhanced investment returns. Investors can now access a rigorously researched universe of stocks, selected from some of the most rapidly growing industries, without fear of jeopardising future generations.
"We have an investment team which has over a decade of experience in running socially responsible funds and a proven track record in delivering superior returns."
The SRI team is acknowledged as one of the market leaders with a track record in linking environmental, social and financial company performance."
-Ends-
Notes to editors:
- CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc, the UK's largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world's sixth largest insurer based on gross worldwide premiums.
- CGNU's principal business activities are long-term savings, fund management and general insurance, with worldwide premium income and retail investment sales from ongoing business of over Ł27 billion and assets under management of more than Ł210 billion.
- From October 2000, the combined life and pensions, general insurance and retail fund management businesses in the UK operate under the Norwich Union brand, while the institutional investment business operates under the Morley Fund Management brand.
- Norwich Union's news releases are available on this website.
- The value of an investment can go down as well as up and is not guaranteed. Full written details are available on request.
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