Royal & SunAlliance is combining its direct and IFA investment operations under the single banner of Royal & SunAlliance Investments.
A result of the re-branding, the company has unveiled its Unit Trust Pep. The Pep has an increased as Royal & SunAlliance's managed, growth & income and North America unit trusts have been added. Also, distribution units have been added to the FTSE 100 tracker fund.
Royal & SunAlliance believes the Pep's nine funds have something to offer to both the risk averse and the adventurous investor.
Some of the funds have enjoyed consistent performance over the medium term of five years although the UK smaller companies fund lags behind.
According to Standard & Poor's Micropal figures as at September 28, 1998, for £1,000 invested over five years, on a bid-to-bid basis with net income re-invested, the portfolio fund has returned £1,687.16 and is ranked 1st out of 41 in its sector. The North America fund has achieved £2663.36 and is ranked 2nd out of 106, while the worst performer is the UK smaller companies, returning £1,118.97 and is ranked 55th out of 57.