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ScotMutual pushes risk-graded funds

Scottish Mutual is celebrat-ing the 15th anniversary of its three unit-linked risk-graded funds by mailing promotional literature to IFAs.

Mailshots, including sales leaflets, case studies and sample letters, will go out to over 4,500 IFAs, promoting Scottish Mutual&#39s Personal Investment Bond as the ideal veh- icle for investment in the funds.

The funds are the safety, growth and opportunity funds.

The safety fund is the most conservative of the three and aims to exceed bank and building society returns.

The growth fund is geared towards long-term growth and suits clients looking for a broad base of shares and Government stocks offering medium risk.

The opportunity fund is the most aggressive in its investment philosophy, promising significant potential gains but with a high degree of risk.

The three funds are managed by Abbey National Asset Managers and have £372m under management.

The safety fund averages annual returns of 7.3 per cent compared with 11.2 per cent for the growth fund and 12.9 per cent for the the opportunity fund.

Scottish Mutual market development director Bill Donaldson says: “We wanted to use this anniversary and the Standard & Poor&#39s award to develop greater awareness of our strong investment performance and the fund management expertise we have within the group.”


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