18 January 2006
Winterthur Life announces the launch of the Winterthur New Star Property Fund to complement its life and pension fund selection within its Tailored Selection range. The Fund has delivered a return of 60.35% compared to 44.60% over five years to 31/12/2005 for the IMA Specialist sector average1. The Fund will be available through Winterthur Life’s Tailored Selection on both individual and group pension policies and life products.
Winterthur New Star Property Fund:
- Aims to achieve a high income together with some growth of both income and capital through investment in commercial property, property related assets, government and other public securities
- Is one of only a few authorised unit trusts that can invest a high proportion of its assets directly into commercial property
- The commercial property portfolio currently consists of 35 units featuring high quality, substantial assets and blue chip tenants
- The Fund has an annual management charge of 1.20% and fund expenses of 0.15%.
Bernard Henshall, investment distribution manager, Winterthur Life comments, “The Fund has been added to meet the strong demand from advisers for good quality commercial property funds. The Winterthur New Star Property fund provides advisers with an opportunity to invest in a well constructed and diversified portfolio of property and securities. This fund enables advisers to construct balanced pension portfolios for their clients using our Tailored Selection range of funds.”
Phil Wagstaff, managing director of sales and marketing at New Star Investment Funds, said, “We are pleased that Winterthur has decided to add a further New Star fund to its Tailored Selection range of investment funds. We believe Winterthur’s strength in the pensions and investments arena fits closely with our own overriding objective – to deliver the best possible investment returns to investors - and we look forward to working closely together in the future.”
1 Source: Lipper, bid to bid, net income reinvested as at 30/11/05. Past performance is not a guide to future performance.
For further information:
Paul Riddell Winterthur Life, Press Office +44 (0)1256 798099
Sandra Fulton Winterthur Life, Press Office +44 (0)1256 798310
Christine Wood Financial Dynamics +44 (0) 207 269 7253
Notes to Editors
About Winterthur Life UK Limited
Winterthur Life UK Limited is part of Winterthur Group, which is part of Credit Suisse Group, a leading global financial services company headquartered in Zurich.
Winterthur Life UK offers pensions and investments for high net worth clients distributed via top tier IFAs and is renowned for its innovative approach to financial products. Its philosophy of transparent product propositions offers advisers a range of retirement and investment solutions with an open charging structure.
Winterthur Life UK is one of the UK’s top 10 providers of single premium personal pensions, trustee investment plans and corporate pensions via IFAs and a leading provider of self-investment retirement plans like Self Invested Personal Pensions (“Sipps”).
Any opinions expressed in this media communication are made as at the date of publication but are subject to change without notice. Past performance is not a guide to the future. The value of shares/units and the income from them can go down as well as up. Exchange rate fluctuations may cause the value of underlying investments to fall as well as rise. Yields are not guaranteed and may fall or rise.
Winterthur Life UK Limited is authorised and regulated by the Financial Services Authority.
www.winterthur-ifa.co.uk
Winterthur Group
Winterthur Group is a leading Swiss insurance company with head office in Winterthur. As an international company, the Group provides a broad range of personal, property and casualty insurance products, as well as insurance solutions in life and pensions that are tailored to the individual needs of private and corporate clients. Winterthur Group has approximately 19,500 employees worldwide. The company achieved a total business volume of CHF 22.9 billion in the first nine months of 2005 and reported assets under management of CHF 152.9 billion as of September 30, 2005.
Credit Suisse Group
Credit Suisse Group is a leading global financial services company headquartered in Zurich. It provides private clients and small and medium-sized companies with private banking and financial advisory services, and pension and insurance solutions from Winterthur. In the area of investment banking, it serves global institutional, corporate, government and individual clients in its role as a financial intermediary. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and in the form of American Depositary Shares (CSR) in New York. The Group employs around 62,000 staff worldwide. As of September 30, 2005, it reported assets under management of CHF 1,404.6 billion.
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