Norwich Union is to add 29 funds to the Portfolio investment bond.
- Portfolio bond to offer investors choice of 139 investment funds
Norwich Union is to add 29 funds to the Portfolio investment bond.
Investors in Portfolio can now choose to invest in 139 funds from leading fund management groups including Aberdeen, Artemis, Fidelity, Gartmore, Investec, Jupiter, JPMorgan Asset Management, Merrill Lynch, Morley, Newton, New Star, Schroder and Threadneedle.
Expanding Portfolio’s fund range will make it easier for advisers and customers to build a diversified portfolio in a single wrapper that includes a wide range of funds, risk profiles and asset classes.
Funds added to Portfolio include Norwich Union’s recently-launched UK Special Situations and UK Growth and Value funds, managed by Schroders and JP Morgan Asset Management.
Neil Davies, director of investments at Norwich Union, said: “We have added to Portfolio some exciting funds from highly-respected managers. This is, for example, the first time that Artemis’ funds have been available but we have also included funds from a range of specialist sectors including natural resources, property, energy and emerging markets.
“Portfolio is proving popular with advisers and customers because it offers access to a wide range of funds, fund managers, investment styles and sectors along with two charging structures. It gives advisers the flexibility to tailor portfolios that can be held in a single wrapper. The new funds will be supported by a special offer 1% extra allocation rate from 25 September 2006, which means more of investors’ money is invested from day one.” Terms and conditions apply.
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Notes to editors
About Portfolio
Portfolio offers a flexible way to invest for growth or income. Its minimum investment is Ł5,000 and investors can choose to put their money in a selection of 139 cash, bond, property, equity and with-profit funds, which are run by Norwich Union and other fund managers.
Additional funds that will be available from 25 September include. More funds will be added later in the year:
- Norwich Union UK Growth and Value, Norwich Union UK Special Situations, Norwich Union Global Balanced Income, Norwich Union Global Cautious Income, Norwich Union Monthly Income Plus
- Aberdeen Asia Pacific, Aberdeen UK Emerging Companies
- Artemis Capital, Artemis European Growth, Artemis High Income, Artemis New Enterprises
- Fidelity European Opportunities, Fidelity Wealthbuilder
- Investec Global Free Enterprises, Investec Global Energy, Investec UK Smaller Companies
- JPM Emerging Markets, JPM European Dynamic, JPM Natural Resources, JPM New Europe Shares
- Jupiter Emerging European Opportunities, Jupiter Income
- Merrill Lynch Gold & General, Merrill Lynch UK, Merrill Lynch UK Special Situations
- Schroder Tokyo
- Threadneedle Latin America
Portfolio has no initial charge. Two charging structures are available: the Level and Step-Down Options. With the Step down structure, charges reduce after five years. The alternative is the Level option where charges remain constant throughout the policy’s life.
About Norwich Union
Norwich Union is 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 is the UK’s largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.
Norwich Union’s news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media