Investment services provider Legal and General has launched a new fund offering capital protection, available for eight weeks between May 11th and July 3rd.
Returns on the investment fund allow five, ten or 22 per cent, dependent on the performance of the FTSE 100, the DJ Euro Stoxx 50 Index and the S&P 500 Index, with a minimum return being the original investment amount.
Those in the US, Europe and the UK will be able to benefit from any potential recovery in the equity market without risking any capital due to the indirect nature of the shares investment .
Capital is invested in companies and financial institutions with an A or A2 rating from leading agencies, however, if they default on payments before the end of the investment's maturity, then some returns may not be guaranteed.
Nationwide Building Society recently announced it will be offering Legal and General's Capital Guaranteed Multi-Index Equity Bond, which ensures that customers see a return.
Legal and General announces limited availability investment
Legal and General announces limited availability investment
Fri, 08 May 2009
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