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Royal & SunAlliance is going for growth with its new property and TEPs fund

The fund is a life assurance mirror fund that invests in office, retail and industrial property throughout the UK and traded endowment policies (TEPs). It invests in a similar fund run by TEP market makers Surrenda-link. The product is called the Surrenda-link fund.

Traded endowments are policies which have been sold because their policyholders wish to encash them for a lump sum. They see this as a more profitable alternative to surrendering the policy.

Royal & SunAlliance has combined these two unrelated investment areas because they both offer low risk and low volatility for investors whilst offering long-term growth.

Although the TEPs market is indeed low risk, the property market has a higher risk profile, especially as there are signs that property prices are stabilising and in some areas are beginning to fall.

According to Standard & Poor&#39s the Royal & SunAlliance property fund is ranked 9 out of 11 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to July 17, 2000.


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