Norwich Union manager of managers funds launched

Norwich Union is launching manager of managers funds which it says will give its customers access to some of the best investment managers in the world.

The company has appointed Aon Asset Management to select the underlying managers, track their performance and change them when necessary.

The Norwich Union manager of managers funds will feature four options: income, cautious, balanced and growth funds, all of which will be available across Norwich Union's OEIC, ISA and life products.

Simon Quick, director of product strategy at Norwich Union, said: "Launching manager of managers funds is a key part of our strategy to continually evolve and enhance our investment products and bring some of the world's best investment managers within easy reach of investors.

"Norwich Union's funds will appeal to customers who are looking for durable, one-stop investments that hold a wide range of assets backed up by strong research and monitoring teams."

The funds will be launched on May 23rd next week and will be available through IFAs and Norwich Union's partnerships.