Nationwide offers L&G diversified index basket in UK

Nationwide Building Society is offering its retail customers a Legal & General product linked to a basket of indexes.

The Protected Equity Bond breaks with the UK tradition of offering purely FTSE 100-based products to retail clients. The six-year investment is based on the FTSE 100, S&P 500 and Eurostoxx 50 indexes.

“A lot of investors in the UK are
over-exposed to UK investments, so by offering them a structured product with a link to European and US indexes, they get exposure to the potential