Norwich UK Growth and Value fund celebrates one year anniversary

Article date: 29 March 2007

Norwich Union's UK Growth and Value fund in partnership with JP Morgan has reached its first anniversary and is performing well despite recent uncertainty in the market.  

The £224 million fund is designed to perform across different market conditions and deliver returns by exploiting opportunities in value, growth and newsflow. Stocks that are earning faster than the market are selected for their growth potential, while solid-but-unfashionable stocks are picked for their value potential.

The management style draws on the expertise of an experienced mix of individuals, with Michael Barakos and Chris Complin of JP Morgan managing the fund.

In the year since its launch, the fund has attracted significant interest from customers and advisers and was awarded an "A" rating from Forsyth-OBSR in 2006.

The fund's aim is to provide long-term capital growth by investing mainly in a diverse range of equities listed or traded on regulated markets in the UK.

Neil Davies, director of investment marketing at Norwich Union, said: "The Norwich UK Growth and Value fund is part of our strategy to broaden our range of funds. Its performance has been consistent in the current market conditions. Investors have been delighted with the returns and this is further indication that we are creating value for our customers."

Michael Barakos, joint fund manager of the Norwich UK Growth and Value fund, said: "In its first year we have had to experience a number of different equity market environments, including sharp rises and falls as well as relatively directionless markets.

"This has allowed the strength of this barbell pure value and growth fund to really demonstrate its ability to smooth through this market turbulence and generate outperformance."

Past performance is not a guide to future performance - the value of the fund and any income from it can go down as well as up and the investor may not get back what they put in.


Press office contacts:                                                       

Norwich Union
Sarah Horner 01904 452828 Out of hours 07800 691569
Louise Soulsby 01904 452617 Out of hours 07800 699526

JP Morgan
Jane Drew 0207 7426326 Out of hours 07870 689917

Notes to editors:

About the fund

The fund's aim is to provide long term capital growth by investing primarily in UK equities through diversified investment primarily in equity securities listed or traded on regulated markets in the UK.

About the manager

The Norwich UK Growth and Value fund is jointly managed by Michael Barakos and Chris Complin of JP Morgan. 

About Norwich Union

Norwich Union is the UK's largest insurer.  It is a leading provider of life, pensions and investment products and one of the largest financial adviser (FA) providers.  FAs provide over 70% of the company's long-term savings business in the UK.

Norwich Union is the UK's largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.

Norwich Union's news releases and a selection of images are available from Aviva's internet press centre at

Back to top