Abbey National launches High Income and Growth fund

Abbey National launches its High Income and Growth Fund tomorrow which is targeted at investors wishing to maximise their income but are willing to accept a degree of capital risk. The fund provides a high fixed income either of five annual payments of 7% or 60 monthly payments of 0.55% over the term. Alternatively, investors' capital has the potential to grow by 37% over the five year term. The fund's performance tracks the Dow Jones Eurostoxx 50 Index - an index of leading European companies such as Unilever and Volkswagon. The full capital will be repaid, as well as the...