HSBC offshore launches new funds

HSBC Offshore is launching two new investment funds on November 3, offering stock market growth potential to investors. The latest HSBC's popular Capital Secured Growth Funds series, the new funds reflect HSBC's confidence in prospects for the US market and Europe's top 50 companies.

The two funds, linked to the NASDAQ and EURO STOXX 50 indices respectively, offer 100% capital security and will run for four and a half years. They also have innovative features that offer growth that can be locked in during the term, depending on the performance of the underlying indices.

Martin Spurling, HSBC Offshore's head of global funds and insurance said, "We have devised these new funds to specifically meet the needs of customers who are keen to invest but are cautious after recent market turbulence.

"Top NASDAQ companies will be among the first to gain from a recovery in the US economy and the Dow Jones EURO STOXX 50 is poised to continue to move up from the five-year low it reached earlier this year. As companies benefit from improved home and international markets and ongoing large-scale corporate re-structuring, the prospects for these two funds are based on stock market indices that we feel are ripe for growth."

The above funds will be distributed through Wealth management Center at HSBC Brunei from November 3. Customers interested in receiving more information on the Nasdaq Bonus Fund and the European Growth Fund can contact Wealth Management Centre on 2252218 or 2252219. Email securites@hsbc.com.bn or visit the website at www.hsbc.com.bn.

Courtesy of Borneo Bulletin