Newcastle Building Society has launched a guaranteed bond account investing in five funds, offering ...
Newcastle Building Society has launched a guaranteed bond account investing in five funds, offering investors participation in 75% of the underlying growth over five years. The product, which opened to investment on 4 November, is being targeted at intermediaries. The offer period runs to 10 January. Assets raised for the Guaranteed Five Star Bond II account will be split evenly between a mix of equity and bond funds, each with a five-star S&P Micropal rating. The weightings to the underlying funds will not be rebalanced during the bond's life. Over the five years to 30 September,...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
