HSBC launches new fund for investors
(MEBG) – As reported by the Gulf times, HSBC Bank Middle East announced on July 16th the launch of its new investment fund by HSBC International Capital Secured Growth Funds. The fund offers investors the opportunity to profit from the UK, European and Asia-Pacific stock markets as well as from the NASDAQ index. All growth options deliver full security over the amount invested.
The Pan European Growth options are based on the performance of the FTSE 100 Index and the Euro Stock 50, whereas the Asian Growth options are represented by the Nikkei 225, Hang Seng, Singapore Straits Times, and the Australian All Ordinaries indices. The NASDAQ 100 index Growth option is based on the performance of the NASDAQ technology index.
“The purpose of the HSBC International Capital Secured Growth Funds (CSGF) is to offer the combination of capital security with growth investment, linked to the potential of the world's major stock markets,” said Steve Nuttal, manager of personal banking.
The minimum investment requirement is $5,000 and the capital is completely secured over a four-year investment period.
The new fund will be available until September 8th, but will close early if oversubscribed. Allocation of bonus shares will reward early investors.
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