PolicyPlus has added a dollar share class to its Endowment Growth Fund (EGF) "because of the need fo...
PolicyPlus has added a dollar share class to its Endowment Growth Fund (EGF) "because of the need for flexibility in today's market," according to the company
EGF invests in traditional with-profits endowment policies with the objective of providing medium to long-term capital growth, combined with low risk and volatility. It does not invest in unitised with-profits, so investors are protected against MVAs.
Graham Cottingham, investment director and fund manager at PolicyPlus, said: "The underlying Tep investments in EGF carry guarantees greater than the share price plus all future premiums. EGF is well placed to provide solid low risk growth."
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body