Dublin-based Norwich Union International is celebrating its first birthday with a series of new funds. One of these is the Norwich International growth fund.
The product is a fund of funds that has been aimed at investors who are looking for long term capital growth and who are slightly more adventurous than those who invest in the companys cautious and balanced funds of funds.
Available through either the Norwich International portfolio bond or the Norwich International investment bond, the growth fund will be managed by specialist investment company Investment Manager Selection. It will invest across the broad range of Norwich International funds, which will include the UK equity growth fund, the European equity fund, the UK equity income fund and the US equity fund.
The Norwich Union International product is not unique and is very similar to the Edinburgh Fund Managers global growth portfolio. This is a fund of funds that also invests over a wide geographical area and which aims for long term capital growth.
According to Standard & Poors the Norwich international index tracking fund is ranked 193 out of 509 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over six months to February 26, 2001.