L&G/Investec launch guaranteed life fund

Product wraps together Investec's Cautious Managed and Total Return Bond funds within protected L&G wrapper

L&G and Investec have teamed up to launch a 100% guaranteed life fund giving access to Alastair Mundy's Cautious Managed and John Stopford's Target Return Bond vehicles. Legal & General Money Builder (Investec) will be available through the L&G Portfolio Bond and aims to provide a greater return than cash over a five-year period. Managing director of the asset management arm of Investec David Aird said: "By combining our Cautious Managed and Target Return Bond funds and wrapping this in an L&G guarantee, we have constructed a product that gives investors 100% return of capital after fiv...