HSBC Middle East launches sixth issue of Capital Secured Growth Funds
HSBC Bank Middle East has launched the sixth issue of its Capital Secured Growth Fund (CSGF). The fund offers investors the opportunity to share in the growth potential of the US Performance Plus Growth Fund, and the Top Sector Growth Fund, stated a bank press release.
All growth options are designed to provide a capital return of at least 100 percent over a four-year investment period, with the US Performance Plus Growth option offering an additional return of eight percent should the index fall or rise by less than the minimum return.
”… We have tailored this investment to achieve capital preservation and growth. The minimum investment is $5,000 and is available from January 28 until March 17, and bonus shares for early investment will be offered,” said Regional Manager Financial Planning Services Richard Rogers.
The US Performance Plus Growth Fund offers investments linked to the fortunes of 500 of the top companies in the United States. The fund provides customers with the potential to receive a return of up to 80 percent and the reassurance that, should the index fall or rise by less than the minimum return, the investor will receives his or her capital back plus eight percent.
The Top Sector Growth Fund is a new fund which offers investors the opportunity to invest in the fortunes of four major market sectors: banking, energy, healthcare and utilities. The fund is designed to return, in addition to the initial amount invested, 75 percent of basket index growth.
HSBC Bank Middle East is the largest 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.
The bank’s regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, 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 and a representative office in Tehran.
HSBC Bank Middle East is a member of the HSBC Group which, with more than 6,500 offices in 78 countries and assets of $692 billion at 30 June 2001. It is one of the world's largest banking and financial services organizations. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
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