View more on these topics

MetLife launches protected growth bond

Grinstead.jpg

MetLife has launched a bond which allows investors to lock in a level of investment growth daily.

The protected growth bond, which also offers a choice of investment protection levels, allows investors to choose 90 per cent, 80 per cent or 70 per cent protection levels with equity exposure ranging between 90 per cent and 40 per cent. Each time a fund price high is achieved, a new protected unit price is locked in.

MetLife UK managing director Dominic Grinstead (pictured) says: “The protected growth bond takes the guarantee concept to a new level by providing the potential for increased growth while still ensuring savers’ money benefit from strong levels of protection.”

Protection charges on the fund are 0.7 per cent a year, with annual management charges starting at 0.35 per cent on the onshore bond and 0.6 per cent on the offshore bond. Fund charges are 0.2 per cent.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com