Norwich Union Investment Funds is offering an initial fee discount on its property unit trust fro...
Norwich Union Investment Funds is offering an initial fee discount on its property unit trust from this week, writes Leo Bland.
The 1.5% charge discount will take the initial charge on the fund to 3.5% from the usual 5%. The offer runs until
31 August and the fund offers 3% initial commission to IFAs. The annual management charge on Norwich Property is 1.25% and the minimum investment is £1,000.
James Bowers, product development manager at Norwich Union Investment Funds, said that the current economic environment is favourable towards property investment.
He added: "NUIM is forecasting that the fund will rise by an average of 8% a year over each of the next three years. The fund has reasonably low volatility and in a low interest rate and low inflation environment should offer some reasonable growth over the next few years."
Norwich Property is third out of four funds in the Property sector over the three months to 14 July on growth of 5.1%. The fund is second out of four over one year on growth of 4.9% and is second out of four over three years on growth of 35.3%.
The offer comes as investors begin to show more interest in property as an asset class amid a background of falling yields on equities and gilts.
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