HSBC Middle East issues new protected investment fund
HSBC is offering the Pan-European Protected Fund, its fourth in the Shariah compliant Amanah Principal Protected Fund series. The new fund offers full capital protection and exposure to one of the fast growing economic sector.
The Fund is available through investment advisory services at HSBC branches in selected Middle Eastern markets. Subscriptions will close on January 31, 2003 and the minimum investment amount is $5,000.
The Fund is designed to achieve medium-term capital growth through a diversified portfolio strategy, as well as offering a 100 percent principal protection at maturity, regardless of the performance of the equity markets. Capital growth will derive from exposure to a carefully selected basket comprising some of the major European companies selected by the HSBC financial specialists.
The Fund will diversify its exposure across a number of sectors, taking exposure to both companies with current high dividend yields and companies engaged in sectors which are projected to grow at premium rates in the long-term, irrespective of short-term economic trends.
All HSBC Amanah Funds are structured by the Dubai-based HSBC Amanah Finance team in co-ordination with the HSBC Shariah Supervisory Board, to ensure compliance with Shariah investment principles.
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 extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, and by its associate companies, The Saudi British Bank and the British Arab Commercial Bank. In addition to its Middle Eastern network, the Bank has a branch in London and a representative office in Tehran. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
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