FVC Custom Indexes

The US and UK indexes are reviewed this month. Taking the US index first, two growth product indexes have fallen over the month, with the US income index recording a positive change. The S&P 500 has risen by almost 9% since the end of July 2009, during which time the US income and accelerated indexes have marginally outperformed the US market benchmark index.

The FVC indexes are for five-year products that were priced at the end of January 2005, since which the S&P 500 has fallen almost 10%. The

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