Nationwide launches three new funds for investors
With effect from today, Wednesday 6 April, Nationwide Building Society is introducing three new investment funds - the Newton Balanced Fund, BlackRock UK Income Fund and First State Global Resources Fund.
The new funds will give investors greater choice to meet their investment needs through Nationwide.
Newton Balanced Fund
The Newton Balanced Fund aims to achieve a balance between capital growth and income predominantly from a portfolio of UK and international securities. This medium risk fund will typically invest in a range of equities and fixed interest securities, and is suitable for both income and growth investors.
BlackRock UK Income Fund
The BlackRock UK Income Fund aims to provide an above-average and growing income without sacrificing the benefits of long-term capital growth by investing primarily in the shares of companies incorporated or listed in the UK. This medium risk fund provides a quarterly dividend, and so is suitable for customers aiming to achieve capital growth and who require a more regular income from their investments.
First State Global Resources Fund
The First State Global Resources Fund aims to achieve long-term capital growth by investing in equities in the natural resources and energy sectors worldwide. It is the first commodity focused fund to be introduced to the Nationwide panel and is suitable for investors aiming to achieve capital growth with a medium or high attitude to risk.
Guy Simmonds, Nationwide senior manager for investments, said: "In today's low interest rate environment, it's only natural to look around for other ways to try to make your money work harder. For anyone thinking about taking the first step into investing, Nationwide has carefully selected an additional range of investment funds designed to help meet individual investment needs."
"These new funds can appeal to a wide variety of investors, whether investing for the first time or experienced investors looking to diversify their investment holdings further. They add to an already diverse range of funds available through Nationwide and give investors greater ability to build a portfolio suitable to their needs."
From today, the stocks and shares annual ISA subscription limit is being increased to £10,680. The launch of these three new funds gives investors extra choice and flexibility to maximize their tax-free allowance for 2011/12
Nationwide understands that the world of investments can be daunting. That is why it has a team of dedicated professional advisers who aim to make sure that, following a financial review, investors have products that are designed to help meet their financial needs.
Customers can invest from only £20. The new funds are available with advice at Nationwide branches, or online at nationwide.co.uk/investments/isa-unit-trust.
The L&G (N) UK Growth fund will be withdrawn from sale on Wednesday 6 April 2011.