Investment Strategy
NFU Mutual's Investment Strategy for With-Profits Business
The asset mix backing the Capital Access Bond at 01/04/2008 was as follows:
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|
|
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Floating rate notes |
75.7% |
| |
Cash deposits |
24.3% |
| |
|
100% |
The asset mix backing the with-profits liabilities (other than the Capital Access Bond) was as follows:
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|
|
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Property |
15.0% |
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UK equities |
48.5% |
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Overseas equities |
14.5% |
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Index linked bonds |
2.0% |
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Fixed Interest gilts |
7.7% |
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UK corporate bonds |
8.0% |
| |
Overseas bonds |
1.8% |
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Cash and other assets |
2.5% |
| |
|
100% |
The mix of security ratings (the second highest if there is more than one rating) for our UK corporate bonds was as follows:
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|
|
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AAA |
28.6% |
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AA |
20.4% |
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A |
37.5% |
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BBB |
12.6% |
| |
BB |
0.9% |
| |
|
100% |
| |
|
|
The asset mixes above were correct at 01/04/2008. It is possible that changes have occurred since that date, resulting from market movements, the investment of new money and changes in our general investment strategy.
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Balance Sheet