The European Profit Protection Fund which is offered to Aviva life insurance customers is in response to the needs of investors interested in earning money on the stock markets who also want to limit potential losses.
The European Profit Protection Fund which is offered to Aviva life insurance customers is in response to the needs of investors interested in earning money on the stock markets who also want to limit potential losses.
The European Profit Protection Fund is a capital insurance fund which has been offered to customers since 26 October 2009. It has a built-in capital protection mechanism called the CPPI technique (Constant Proportion Portfolio Insurance). The fund adopts a system which means that the value of the invested capital will not fall below 80% of the highest unit value of the fund which is recorded in a given 12-month period in the weekly observations in the course of any given annual insurance period.
"This mechanism not only protects the capital invested by the customer, but it also protects the profit which has been earned during the stock market run against falls of over 20% in any particular annual insurance period," says Marek Przybylski, chairman of Aviva Investors Poland, the management company of assets in Aviva TunŻ capital insurance funds.
At first the fund portfolio was made up of 75% Polish and Eastern European assets and 25% instruments from the Polish money market. The task of the asset managers is to actively adapt the portfolio to the market situation. The asset share may rise to 97.5% of the total assets.
Customers interested in the new fund can take advantage of the “Master of defence, master of attack” offer until the end of January 2010. No initial charges will be incurred by signing the new Bonus VIP investment insurance agreement and making a one-off investment of at least 10,000 zlotys in the European Profit Protection Fund (or another fund of your choice).
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Information:
Bohdan Bialorucki
Press spokesperson
Telephone: (22) 557 43 41 / 501 781 140
E-mail: bohdan.bialorucki@aviva.pl
Grzegorz Mathea
Telephone: (22) 557 43 70
E-mail: grzegorz.mathea@aviva.pl
Notes to editors:
Aviva is the world’s fifth and Great Britain’s number one insurance company. Worldwide, the Aviva Group operates in 28 countries and serves almost 50 million customers, generating annual revenues of £50 billion, and manages assets valued at £380 billion.
Aviva has existed in Poland since 1992 (trading as Commercial Union until May 2009). It is a pioneer of modern life insurance products and a world leader in terms of retirement funds. It also offers investment products, property insurance for companies and individual customers, group life insurance and employee’s pension plans.
For further information see: www.aviva.pl, www.avivainvestors.pl, www.aviva.com.