Article date: 28 February 2006
Norwich Union is to make its popular property unit trustavailable to Isa and Pep investors. It will launch the NorwichProperty Trust Isa/Pep on 6 March 2006.
Neil Davies, director of investment at Norwich Union, said:“Our property trust is a popular fund with customers who likethe idea of investing in bricks and mortar. It has produced strongreturns and this Isa launch will appeal to people who want toinvest in commercial property through a tax-efficient wrapper. Manyalready hold equities and bonds in Isa portfolios and being able toinvest in a property Isa will help them to diversify theirportfolios.
“Commercial property, with its strong asset backing, hasplenty to commend it. It can deliver an attractive and steadyincome stream from rents with the potential of capital growth. Itsrelatively low volatility and lack of correlation with other assetsmake property’s inclusion in an Isa an excitingopportunity.”
The Norwich Property Trust is also available in an Isa/Pep onleading fund supermarkets and platforms including Cofunds,FundsNetwork, Lifetime, Transact, Skandia and Selestia.
The £2,162m Norwich Property Trust is managed by Gerardine Daviesof Morley Fund Management.
Press office contacts:
David Gwyer 01904 452828 Outof hours 07800 699508
James Evans 01904 452791 Out of hours 07800 699525
Rob Pell 01904 452659 Out of hours 07800 699563
Cheryl Cox 01904 452617 Out of hours 07800 695275
Notes to editors:
About Norwich Union
Norwich Union the UK's largestinsurer. It is a leading provider of life, pensions and investmentproducts and one of the largest Financial Adviser (FA) providers.FAs provide over 70% of the company's long-term savings business inthe UK.
Norwich Union has strategic alliances with building societies andother leading UK brand names including CIS and The Royal Bank ofScotland Group. Norwich Union’s news releases and a selectionof images are available from Aviva's internet press centre atwww.aviva.com/media.