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LVAM launches LV= UK short-dated gilt fund

Press release: 16/09/2010

LV= Asset Management (LVAM), the fund management arm of insurance, investment and pensions group LV=, has launched LV= UK Short-Dated Gilt Fund.

Under the management of Michael Wright, Head of Fixed Interest, LVAM, the objective of the Fund is to achieve a long-term total return and to maximise this return whilst moderating the risk of investment at any particular point in the economic and business cycle.

It will aim to do this by investing principally in short-dated (less than 5 years) UK Government bonds and other Sterling denominated fixed interest securities. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and hold securities of any duration.

At launch the Fund will only have one active share class which is a Gross distributing Institutional Income class. Therefore, the Fund will only be available to Institutional investors who are eligible for Gross distribution of income.

The Institutional share class has a minimum investment of £500,000 and £50,000 subsequent investment. Shareholders must maintain a minimum holding of £50,000 and the minimum amount that may be redeemed at any one time is £50,000. LV= UK Short-Dated Gilt Fund will sit within the IMA's UK Gilts sector.

Michael Wright commented: "The LV= UK Short-Dated Gilt Fund seeks to cater for a section of the Institutional market that is looking for a better yield than is available on deposit but with the security and low price volatility of short-dated government bonds."

Notes

LV=

LV= is a registered trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs around 4,000 people, serves over 3.8m customers and members, and manages around £9.5bn (as at 30 June 2010) on their behalf, via LV= Asset Management (LVAM). We are also the UK's largest friendly society and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF. www.LV.com