Capital protection for ordinary money
AXA Australia has opened its capital guarantee product North to ordinary money investments, a move that will provide investors with protection from share market volatility.
The release of North Investments follows the successful launch of North Personal Superannuation and Pension in November 2007.
AXA general manager of sales and marketing Adrian Emery said the offer will appeal to investors wanting to protect personal savings and self-managed super fund trustees.
According to Emery, North doesn’t just protect savings but locks in annual positive market growth above the already protected amount.
“North’s Protected Growth guarantee is the first of its kind in Australia. Best of all, it gives Australians the confidence, choice and the control they need to build a quality investment and retirement plan,” he said.
“By providing peace of mind from share market volatility alongside access to upside market growth, we believe North will encourage Australians to plan for their long-term financial future.”
Emery said recent research highlighted the growing consumer need for products like North Investment.
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