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Policy Plus claims a strong lead for Tep growth fund

Policy Plus says shares in its traded endowment policy fund has increased in price by nearly 25 per cent to £12.47 from its launch price two years ago of £10.

PP assesses each policy held by the fund monthly and decides whether to hold or sell the policy based on every life office&#39s bonus declaration.

As the fund is open-ended, it is able to buy and sell policies when they offer the greatest growth for maximum return.

The endowment exch ange says investing in the fund is low-risk because underlying assets are guaranteed as the fund invests exclusively in endowment policies. No inv estments are held in cash pending the purchase of end owments so all capital held in the fund is invested in policies with high returns for investors.

Fund investment director Graham Cottingham says: “The formidable lead which we have shows that our policy of active management is the best approach to Tep fund investment.”

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