Norwich Union UK Special Situations Fund unveiled
www.moneynews.co.uk > General finance > Norwich Union UK Special Situations Fund unveiled
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Money News |
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Norwich Union UK Special Situations Fund unveiled
Mon 10th Apr 2006
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Norwich Union aims to outperform the FTSE All Share index in the long-term with its new product's concentrated portfolio of 40 to 60 stocks.
Mike Kirsch, commercial and marketing director at Norwich Union, stated that the fund will be most appealing to more experienced investors who are willing to take higher risks in searching for higher returns.
"We have been working very hard to widen the range of our equity investments and Norwich UK Special Situations will complement our existing product range and the recent launches of the Norwich UK Growth and Value and multi-manager funds," Mr Kirsch added.
The Norwich Union UK Special Situations Fund has an initial charge of five per cent, a standard initial commission of three per cent and a standard renewal commission of 0.5 per cent.
It is scheduled to be available from late May subject to FSA approval and has investment levels for Isa customers of £500 for lump sums and £50 for monthly savings.
Related News : General finance |
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