Nationwide widens choice for investors
Nationwide has added five new equity funds to its investment panel to expand customer choice.
Two of the new funds are invested in emerging markets, two in global equities, while the fifth is primarily made up of UK investments.
Investors with Nationwide now have a total of 25 funds to choose from, reflecting a wide range of options across geographic regions and asset classes.
The new funds are:
Artemis Income - aims to produce a rising income with capital growth from portfolio primarily made up of investments in the UK
Threadneedle Global Equity Income - aims to achieve a high and growing incomeover the long term from a portfolio of predominantly global equities
Lazard Emerging Markets - aims to seek long-term capital growthby investing primarily in companies in or doing business in emerging markets
M&G Global Emerging Markets - aims to maximise long term total return (capital growth and income) by investing in emerging market countries
L&G International Index - aims to provide growth by tracking the performance of company shares in the FTSE World (ex UK) Index
Guy Simmonds, Nationwide Head of Product, Protection and Investment, said: "We are continuing to offer our customers a wide choice of funds to invest in across both in the UK and across the world, and in both emerging and established markets.
"Nationwide is offering accessible advice on the high street and aims to support our customers to achieve their long term investment goals, whether they are investing for the first time or an experienced investor."
Customers can make payments into a portfolio of funds and investments options are available through advisers in branches. Customers can make either lump sum investments, regular payments or a combination of both.
As with all of Nationwide's investment products, there will be a 3 per cent initial advice fee followed by a 0.5 per cent ongoing service charge. The advice fee to access the regular payment option is based on 3 per cent of monthly premiums over 48 months.
Nationwide has a range of investment funds from some of the UK's leading fund managers, carefully selected, regularly reviewed and designed to help meet individual investment needs. These are provided through Legal & General.