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Clerical Medical has flexible features in mind for new bond

Clerical Medical has introduced the flexible bond.

The product is a unit-linked bond aimed at experienced investors who are looking for income and growth and want an investment that offers a degree of flexibility.

Investors have a wide range of 20 funds to choose from, ranging from the Clerical Medical with-profits fund, through to North American, Japanese and European funds.

In the event that the investor wants to move their money between funds, the flexible bond allows up to 12 free switches a year. Compared to products such as the mutual investment bond from Scottish Mutual, the Clerical Medical product offers more flexibility. The mutual investment bond offers links to just three funds and allows only one free switch a year.

According to Standard & Poor’s the Clerical Medical North American fund is ranked 3 out of 105 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to January 22, 2001.

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