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Portfolio is set to offer blue-chip protection

Legal & General is introducing a new protected portfolio which offers investors growth while giving some protection on their capital.

The protected portfolio is available for investments from October 22 until November 30. It invests in 30 stocks selected from the top 200 UK companies and has a five-year term with capital security at the fifth anniversary.

Returns are based on the performance of the 30 stocks, which is calculated individually. The growth on any individual stock is limited to a maximum of 100 per cent.

At the end of the five years, the sum of the returns of the 30 individual stocks is divided by 30 to calculate the portfolio return. If the policy is cashed in before its maturity date, investors may not get their original investment back.

The portfolio is available as an Isa, Pep transfer and share investment with a minimum investment of £1,000. Initial commission is 3 per cent. There are no initial charges.

Retail investments director Michael Hayden says: “Protected portfolio has been designed for those who want capital security and some equity exposure. We believe this combination will prove to be extremely popular with investors.”


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