HSBC Bank has decided to launch a second issue of its International Capital Secured Growth Fund (CSGF) for those non-high risk investors who prefer to take a "safety first" approach to investment but want to see higher returns than that of the usual savings accounts.
CSGF, says the bank, is a combination of 100 per cent capital security with unlimited growth available through exposure to major stock markets. The minimum investment is £5,000 and there are bonus shares available for early investors.
Investors, likely to be based mainly in Jersey, Guernsey and the Isle of Man, will be offered the choice of an Anglo-American Growth Fund, a European Growth Fund or an Asian Growth Fund linked to stock markets in the region. Gary Drinkwater, area manager in the Isle of Man, said: 'With interest rates at or near their peak in the world’s major economies, the capital protection and unlimited growth potential afforded by the latest HSBC International Capital Secured Growth Funds issues makes it a win-win for the cautious investor.'
The HSBC Group is well established in Jersey, Guernsey and the Isle of Man. Wealth management and offshore banking services are provided by HSBC Bank International to expatriate and internationally-based customers in some 200 countries and territories across the world, as well as to local residents and corporate clients.
The Fund will close on December 1, or earlier in the event of oversubscription.
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