Norwich Union’s socially responsible investment (SRI) team has spotted a potential World Cup winner.
Norwich Union's socially responsible investment (SRI) team has spotted a potential World Cup winner.
Goals Soccer Centres builds and manages five-a-side football pitches in the UK, and many of the sites are on land leased from schools or local authorities. The company pays schools ground rent in addition to giving them free day-time use of the facilities. Now that England have qualified for the World Cup, Norwich Union's SRI fund managers believe outlook for the company is bright.
Clare Brook, head of SRI at Norwich Union, said: “We invested in Goals Soccer because it fits in well with our theme of health and fitness. Five-a-side football is becoming more popular and the company has seen demand for its pitches increase. Now that England have qualified for the World Cup we expect that there will be a surge in interest in five-a-side football and more demand for good-quality pitches.”
Shares are held by the Norwich Union UK Ethical, Norwich Union Sustainable Future Managed, and Norwich Union Sustainable Future UK Growth funds.
-ends-
Press office contacts:
David Gwyer 01904 452828 Out of hours 07800 699508
James Evans 01904 452791 Out of hours 07800 699525
Rob Pell 01904 452659 Out of hours 07800 699563
Cheryl Cox 01904 452617 Out of hours 07800 695275
Notes to editors:
Norwich Union is one of the UK's biggest insurers. It is a leading provider of life, pensions and investment products and one of the largest Financial Adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.
Norwich Union has strategic alliances with building societies and other leading UK brand names including CIS and The Royal Bank of Scotland Group. Norwich Union's news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media .