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NU International helps clients weather the storms

Dublin-based Norwich Union International is adding a protected fund to its

portfolio bond range in response to demand from IFAs.

The Norwich Deutsche All-Weather equity fund aims to limit potential

losses to 10 per cent in any year using a safety net of derivatives


The underlying Deutsche All-Weather equity fund, rated AA by Standard &

Poor&#39s, invests mainly in UK blue-chip equities such as BP Amoco, Glaxo

Wellcome, British Telecom and Lloyds TSB. It has an annual management

charge of 1.15 per cent.

The fund allows the investor to take advantage of market growth while

limiting the risk to capital with a safety net of derivatives investments.

Research among IFAs indicated a demand for such a product from risk-averse

investors looking for a more rewarding alternative to currency funds and

deposit accounts.

The portfolio bond provides access to more than 70 funds. These include 17

managed by Norwich Union Investment Management and over 50 managed by fund

managers including Credit Suisse, Fidelity, Henderson, Invesco, Mercury,

Perpetual and Schroder.

NUI chief executive Jon Herbert says: “The fund will sit well within a

portfolio of core holdings for the risk-averse investor. Indeed, it will

equally appeal to a broader range of investors who may wish to utilise the

fund&#39s protection strategy in times of increased market uncertainty.”

Deutsche All-Weather equity fund manager Shaun Coleman says: “The fund&#39s

objective is to offer investors prot-ection against significant capital

loss and the opportunity to participate in most of the stockmarket


“The fund has a goal of limiting potential losses to 10 per cent in any

one year and this is supported by a safety net of derivatives investments.”


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