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.
