HSBC Offshore is offering two new offshore funds for a limited two month period commencing on July 25, according to Isle of Man online.
The funds will be the latest in the Capital Secured Growth Funds (CSGF) and will track the FTSE 100 or the Dow Jones Eurostoxx 50 (consisting of Europe's top fifty companies). The bank told IoM Online that the funds will be 100% capital secured and will offer minimum returns and annual bonuses.
"Demand for capital secured products is stronger than ever and our last two CSGF issues sold out early as they were over-subscribed," said Mike Alliston, financial planning manager.
"Our new funds are designed to benefit from indices containing Europe and the UK's top companies," he continued, adding: "We expect these funds will be successful because world growth is being stimulated by an improved political and economic climate, lower interest rates and a less volatile oil price."
"The funds will get another boost as euro companies take advantage of a 40 billion euro expansion of their home market when 10 additional countries join the EU in 2004," observed Mr Alliston.
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