Legal & General is to launch a five-year bond called the Protected Portfolio later this month invest...
Legal & General is to launch a five-year bond called the Protected Portfolio later this month investing in 30 of the largest 200 UK companies. It offers a 100% capital guarantee to investors, providing they hold the product for its full five-year lifetime. The performance of each of the 30 stocks will be calculated individually at the end of the contract. Investors will not get more than a 100% appreciation in value of any one stock. Those wishing to sell before term will get the underlying value of the fund from the market maker JP Morgan. At the end of the five-year period, the sum o...
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