HSBC has introduced the Healthcare Protected Fund, its third in the Sharia compliant Amanah Principal Protected Fund series. The new fund offers the benefits of full capital protection and exposure to one of the world's fastest growing economic sectors.
The Healthcare Protected Fund is designed to achieve medium-term capital growth through a diversified portfolio strategy, as well as being designed to offer 100 percent principal protection if held to maturity, regardless of the performance of the equity markets. Capital growth will derive from exposure to a basket of leading companies in the healthcare sector selected by the HSBC healthcare financial specialists.
The Fund is available from HSBC branches in selected Middle Eastern markets. Subscriptions will close on 15 July 2002, and the minimum investment amount is five thousand dollars.
“The Healthcare Protected Fund is designed as a fixed term investment, but is flexible to allow early redemption if the target performance is achieved early. Thus, a medium- term investment can be transformed into a short-term investment with enhanced yield, subject to market performance,” stated CEO of HSBC Amanah Finance, Iqbal Khan.
All HSBC Amanah Funds are structured by the Dubai-based 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, 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, United Kingdom, and a representative office in Tehran, Iran. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
