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Norwich Union warns investors to beware of no Cat-marked Isas

Norwich Union Investment Funds is warning investors to beware of non Cat-marked Isa funds.


It says &#39ignoring the benefits of Cat standards could mean losing the performance race before it has even started&#39.


NUIF bases this comment on figures compiled by Fitzrovia for its NU Isa league. The league claims that on average investors would only have made money with a Cat standard equity fund in the main Isa sectors.


NUIF chief operating officer Stewart Cazier says: &#34Once again, the Isa league clearly shows that using performance as the sole criteria for investment choices is not a rational argument.


&#34It demonstrates the enormity of the task faced by non-Cat standard funds, to close the performance gap created by heavy first year and ongoing charges.&#34

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