With the additional funds, investors in the Portfolio bond can choose to invest in 139 funds from fund management groups including Aberdeen, Fidelity, JPMorgan Asset Management, and Schroder. Funds from Artemis will also be available for the first time.
Norwich Union said that expanding Portfolio’s fund range will make it easier for advisers and customers to build a diversified portfolio in a single wrapper that includes a wide range of funds, risk profiles and asset classes.
Funds added to Portfolio include Norwich Union’s recently-launched UK Special Situations and UK Growth and Value funds, managed by Schroders and JP Morgan Asset Management.
The minimum investment required for Portfolio is GBP5,000 and investors can choose from a selection of cash, bond, property, equity and with-profit funds. In addition, from September 25, 2006, the new funds will be supported by a special offer 1% extra allocation rate.
