Royal & SunAlliance is launching two pension funds this week aimed at the individual and group ma...
Royal & SunAlliance is launching two pension funds this week aimed at the individual and group market, writes Leo Bland.
The funds are a FTSE All-Share Tracker and European portfolio and they will invest in the respective underlying Royal & SunAlliance unit trusts. The charges on the pension funds have not yet been finalised. Royal & SunAlliance's existing pension funds include cash, UK equity, UK equity income, Far East, fixed interest, index-linked, international managed growth, property and a FTSE 100 tracker.
The Royal & SunAlliance European unit trust has an frA rating. The fund is ranked 42 out of 100 funds in the Europe ex-UK sector over the three months to 14 July on growth of 3.7% on a bid-to-bid basis. It is 55 out of 93 over one year on a fall of 6.3% on an offer-to-bid basis.
The Royal & SunAlliance FTSE All-Share Tracker is ranked 96 out of 262 funds in the UK All Companies sector over three months on growth of 2.3%. The fund is 107 out of 248 over one year on growth of 4.6%.
As previously reported in Investment Week, Royal & SunAlliance Investments is to merge Equity Growth into Equity in the autumn in the final stage of its fund rationalisation programme. The funds will be merged as part of the group's conversion to Oeics in October.
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