HSBC launches seventh issue of international Capital Secured Growth Funds
HSBC Bank Middle East is offering two new funds under its Capital Secured Growth Funds series this summer. Available between July 1 and August 22, 2002, in the Middle East region including Egypt, the new funds are part of a series that had record sales in 2001.
Designed to maximize the potential of stock market growth and give capital security, the funds are available for a four-year term for clients who want to invest in indices representing top companies from the global technology sector and the Eurozone.
The two options are: the Nasdaq Bonus Fund (USD only), linked to the Nasdaq-100 Index, will profit from the potential growth of the top 100 performers within the global technology market. The fund is designed to offer 100 percent capital growth from the outset with the return only reducing if the Nasdaq-100 Index falls, which are measured on a monthly basis. The fund is also designed to provide investors with their original capital in full and additional minimum returns at 11 percent for US dollar investors.
The second is the European Growth Fund (USD only), which invests in Europe's top companies through the Dow Jones EURO STOXX 50 Index. Investors in this fund are well positioned to take advantage of European growth opportunities over the medium term. The European Growth Funds offers US dollar investors up to 80 percent on capital invested, secure in the knowledge that the fund is designed to return at least their money back. Falls in the index will only reduce potential returns by a maximum of five percent (US dollar) per quarter.
Richard Rogers, Regional Financial Planning Manager said: “ The new funds offer clients the chance to invest while prices are low and maximise the potential growth for their investment. However, our research shows that clients still need reassurance that they will not lose out if the markets suffer further setbacks. So, we have designed the two funds to provide capital security while giving a choice of markets offering growth potential over the next four years.”
HSBC Bank Middle East is the largest and most widely represented international bank in the Middle East with 31 branches throughout the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain.
This regional coverage is strengthened by another member of the HSBC Group HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank and British Arab Commercial Bank Limited. In addition to its Middle Eastern network, the Bank has a branch in London, UK and a representative office in Tehran, Iran.
HSBC Bank Middle East is a principal member of the HSBC Group which, with some 7,000 offices in 81countries and territories and assets of $696 billion as at 31 December 2001, is one of the world's largest banking and financial services organizations. — (menareport.com)
© 2002 Mena Report (www.menareport.com)