Norwich Union UK Special Situation fund gets AA ratin
www.moneynews.co.uk > Insurance > Norwich Union UK Special Situation fund gets AA ratin
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Money News |
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Norwich Union UK Special Situation fund gets AA ratin
Mon 22nd May 2006
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Standard & Poor's are one of the world's preeminent providers of credit ratings. The award was made before today's launch of the new £200 million fund.
The awards are made to insurers that provide above average returns, compared with funds in the same sector, over a long-term period.
Director of investments for Norwich Union, Neil Davies, said today: "This is terrific news. Standard & Poor's is a well respected agency and it is a tremendous accolade for a fund to be given an AA rating on launch."
The launch of Norwich Union's Special Situations fund is part of a drive to develop its investment range and increase sales of collective investments.
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