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Clerical Medical offers first taste of stockmarket

Clerical Medical is expanding its range of unit-linked bonds with another version of its investment bond.

The investment bond is designed to give clients in the 40-50 age group their first taste of stockmarket investing. These clients may have become accustomed to building society accounts but feel that they ready to ease their way in to stockmarket investing. But Clerical Medical is also hoping the bond&#39s one per cent initial charge will attract younger clients too.

There are four managed portfolios which each invest different proportions into Clerical Medical&#39s managed funds. Alternatively, investors can make their own selections from a total of 17 funds that include balanced managed, UK smaller companies, and Japan.

Although 17 fund links offers a good degree of choice, it is not as extensive as Skandia Life, which offers a range of 215 funds from external fund managers including Gartmore, Merrill Lynch and Deutsche.

According to Standard & Poor&#39s, 14 of the available Clerical Medical funds are top quartile and three funds -UK equity, property and distribution accumilation – are bottom quartile based on £1,000 invested on a bid to bid basis with net income reinvested over three years to January 23, 2001.

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