Aviva’s Pre Select Capital Protected funds continue to offer investors certainty in a time of volatile markets.
Aviva's Pre Select Capital Protected funds continue to offer investors certainty in a time of volatile markets.
Aviva Australia's Andrew Barker, general manager - wealth management products, said that despite recent market conditions the funds have provided excellent returns.
"The Australian equities fund experienced a record high in its unit price in October when the price on the equity fund went up to A$1.09. That value is now locked in for existing and new investors until May 2008 when applications close.
"For example, if the March unit price is the same as the February price, those investing in March will have capital protection of at least 117% (ie 100% protection on the invested amount as of that date plus the difference due to the higher locked in price).
"Similarly, for the Growth fund, the highest unit price was A$1.04 in October, which would provide 112% capital protection. Essentially, if the markets go down, unit prices are protected at A$1.04 and if the month end unit prices go higher, investors could lock in the additional value."
New investors have until 16 May 2008 to join the funds and benefit from the capital protection. After the offer closes, the highest price achieved during the June 2007 - May 2008 period will be automatically locked in, provided the investor remains invested until maturity in 2013.
"By offering these funds on the Navigator platform a client can have some capital protection within their overall portfolio without the inflexibility of a separate stand-alone investment," Andrew said.
The capital protection is provided by Deutsche Bank, while Deutsche Managed Investments Limited are the responsible entity of the funds.
The asset allocation varies according to market conditions - with increasing exposure to growth assets as markets rise and more secure assets in volatile times.
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Notes to editors:
About Aviva
We are the Australian face of the global Aviva group - a world leader in financial services.
Aviva is the world's fifth-largest insurance group and the largest insurance services provider in the United Kingdom. We are the leading provider of life and pension products in Europe and are actively growing our long-term savings businesses in Asian markets, the USA and Australia.
We have premium income and investment sales of A$103.35 billion and A$764.66 billion of assets under management. Our 59,000 employees serve over 40 million customers.
Aviva has over 150 years of continuous operation in Australia, where our main activities are life insurance, investments and superannuation.
Aviva's consistent record of innovation in the financial planning market dates back to the early 1990s when its Navigator technology and platform first allowed a range of investments to be consolidated into one portfolio. Today, Aviva continues to lead the industry with award-winning wealth creation and wealth protection products.
Portfolio Partners, a funds management company which is also part of the Aviva group, operates independently in Australia. Together we manage or administer more than A$27 billion in funds for more than 300,000 customers.
*Figures quoted are at end 31 December 2007 and in Australian dollars.
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