Norwich Union is to make its popular property unit trust available to Isa and Pep investors.
Norwich Union is to make its popular property unit trust available to Isa and Pep investors. It will launch the Norwich Property Trust Isa/Pep on 6 March 2006.
Neil Davies, director of investment at Norwich Union, said: “Our property trust is a popular fund with customers who like the idea of investing in bricks and mortar. It has produced strong returns and this Isa launch will appeal to people who want to invest in commercial property through a tax-efficient wrapper. Many already hold equities and bonds in Isa portfolios and being able to invest in a property Isa will help them to diversify their portfolios.
“Commercial property, with its strong asset backing, has plenty to commend it. It can deliver an attractive and steady income stream from rents with the potential of capital growth. Its relatively low volatility and lack of correlation with other assets make property’s inclusion in an Isa an exciting opportunity.”
The Norwich Property Trust is also available in an Isa/Pep on leading fund supermarkets and platforms including Cofunds, FundsNetwork, Lifetime, Transact, Skandia and Selestia.
The Ł2,162m Norwich Property Trust is managed by Gerardine Davies of Morley Fund Management.
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Cheryl Cox 01904 452617 Out of hours 07800 695275
Notes to editors:
About Norwich Union
Norwich Union the UK's largest insurer. 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.