9 December 2009

Clerical Medical Fund Range Passes First Year Performance

Clerical Medical Investment Solutions (CMIS), the investment proposition now part of the Scottish Widows intermediary product range, is marking its first year anniversary. There are three parts to CMIS: the fund range, a new investment committee and an award winning modelling tool, Portfolio Architect.

The range of 37 funds is split into three risk categories: Foundation, Escalator and Accelerator. This is a simple method to identify the risk/reward characteristics of each fund. Eight out of 12 Accelerator funds* have consistently performed above their benchmark in their first year. The UK Focus, US Strategic, Japan Focus and European Focus funds have all gained first quartile one year performance.

The new proposition has delivered on its promise to provide transparent robust reporting directly to IFAs.

All funds are available from Scottish Widows as mutual funds and ISAs either directly or from Cofunds and FundsNetwork. The funds are also available through Scottish Widows onshore and offshore investment bonds and the Scottish Widows Retirement Account.

John Van Der Wielen, Managing Director at Clerical Medical said:

"Our funds have performed well and have proven their resilience through an exciting first year. In particular, the UK Focus, US Strategic, Japan Focus and European Focus funds all gained first quartile one year performance. IFAs that have chosen our new proposition value the efficiency it's brought to their business by assisting their fund selection process and with keeping their clients informed."