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Thursday, February 15, 2007

Growth Policy and Growth Fund

A customer told me that he is confused between the Growth policy and the Growth fund.

I agree. It is unfortunate that we use the same name for two different products.

Here is the difference:

* the Growth policy is a single premium endowment policy
* the Growth Fund is an investment fund which has 70% in equity and 30% in bonds.

Sorry about this confusion. Do take note of the difference.

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