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Exeter offers balance to Pep holders

Exeter Fund Managers has added the Chameleon UK balanced portfolio to its range of Pep transfer unit trusts.

This unit trust was introduced because Exeter Fund Managers needed a medium risk fund to sit alongside its existing funds which cater for cautious and adventurous risk profiles.

Half of the fund is invested in Exeter&#39s equity income fund and the rest of the portfolio is divided equally between Exeter&#39s zero preference and capital growth funds.

The Chameleon UK balanced portfolio is primarily designed to produce capital growth, although there is a gross income yield of 2.74 per cent. This can be taken quarterly or reinvested.

This fund is likely to appeal to Pep investors who are moving up the investment risk ladder. The balanced approach of this fund means that investors are less likely to be put off by the recent setbacks in the stockmarket than those who have more adventurous funds such as European technology.

According to Standard & Poor&#39s the Exeter capital growth and equity income funds are top quartile performers over three years based on £1,000 invested on a bid to bid basis with net income reinvested over three years to April 6, 2001. The zero preference fund is a bottom quartile performer over three years on the same basis.


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