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CGU launches Portfolio Bond

CGU has unveiled its Portfolio Bond offering a range of unit linked funds including unitised with-profits. Most of its features are taken from the former General Accident bond although it also provides access to the income portfolio which is linked to the former Commercial Union monthly income plus unit trust.

The performance of this has been good over the last three years, according to figures from Standard & Poor&#39s Micropal. It is ranked 3rd out of 58 in its sector providing £1,587.97 back, based on a £1,000 initial investment. Figures are as at October 2, 1998 and are on a bid-to-bid basis with net income re-invested.

The bond adopts its with-profit performance from General Accident which is currently paying a reversionary bonus of 7 per cent a year.

Investment in the with-profit fund is restricted to 75 per cent of the initial investment.

The bond is competitively priced with no initial charge. Instead there is an ongoing set up charge of 0.5 per cent a year for the first five years for bigger investors with £10,000 or more to invest. This is slightly less competitive for smaller investors with under £10,000, as they are charge 1 per cent a year.


Lazard intoduces a fund of funds transfer Pep

Lazard Asset Management hopes to attract Pep investors who hold several plans by offering a one-stop-shop. It&#39s Active Transfer Pep allows investment in Lazard&#39s own unit trusts plus a selection of external fund managers.Daly reckons this approach may appeal to clients who want less complication. He says: &#34There are always people who want a simpler […]

Henderson Geared Income & Growth Trust sees losses

Henderson Geared Income & Growth Trust fell 9.2 per cent in the six months to the end of August.Net asset value per income ordinary share fell by 15 per cent in the same period.Henderson blames the poor performance on gearing which means that the shares suffer in a falling market.But the quarterly dividend rate has […]

AIM pushes six companies

AIM believes that the market slide over 31 per cent in the last six months has thrown up bargain stocks.It is recommending six companies that it believes are undervalued and provide good growth prospects.They are Furlong Homes, Gartland Whalley & Barker, C & B Publishing, VFG, Mears Group and Shalibane.

Scottish Mutual&#39s new With-Profit Bond reviewed

Scottish Mutual&#39s latest with-profit bond aims to offer a wide choice of flexible income options and potential for additional bonuses.Most feel the bond fits well in the market although Moorfield says: &#34This compliments existing products but it&#39s not as attractive as the bond from Clerical Medical or Norwich Union on headline bonus rates. It&#39s not […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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