Norwich Union re-issues investment fund

Fri, 22 Sep 2006

Norwich Union has announced that it is issuing a new tranche of its Guaranteed Fund investment option.

The investment fund, which guarantees that the capital will be returned in the fifth year after it is opened, is designed to offer customers growth through investment in a diverse range of assets .

Norwich Union spreads the investment across various UK and international property, equities, bonds and cash, with 40 to 45 per cent of the total invested in equities and property .

The minimum investment on the bond is £5,000 and the new tranche will become available from September 25th 2006.

Neil Davies, director of investment at Norwich Union, commented: "The Norwich Union Guaranteed Fund is extremely popular with our customers.

"They like it because it allows them to benefit from stock market growth while protecting their original investment regardless of what happens to the stock market ."

However, the guaranteed return of capital is only applicable on the fifth anniversary of the account, with customers possibly withdrawing less than invested before that point.

Norwich Union is also one of the UK's leading insurance providers.

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