Emirates Bank Capital Protected Indian Equity Note launched
Emirates Bank announced the launch of its latest investment product: The Emirates Bank Capital Protected Indian Equity Note. The product is offered through the Al Shaheen Club. Al Shaheen is the priority banking service of Emirates Bank for its high net worth clients. The note is structured as a capital protected - 3 year maturity note, investing in a diversified basket of three renowned international Indian equity funds. The product was designed for investors who want to participate in the booming Indian economy.
The Indian economy has been performing exceptionally well with the gross domestic product growth averaging more than 6% in the last five quarters, with three of these quarters delivering economic growth of more than 8%! Inflation levels have been low and less volatile over the past few years contributing to the lower levels of interest rates. The Indian Rupee has also proved to be a relatively strong and stable currency against the major currencies, reflecting the strong fundamentals of the Indian economy.
The recently launched Emirates Bank Capital Protected Indian Equity Note provides an opportunity for current investors in the Indian market to protect their profits already earned on past performance and who wish to remain invested in this market. The note also provides protection to new investors interested to participate in the potential growth of the Indian equity markets, but who wish to protect their newly invested capital.