Bank of Ireland Fsharp has launched a Fund Protected Product that offers access to the poten...
Bank of Ireland Fsharp has launched a Fund Protected Product that offers access to the potential growth of five major funds, without putting investors' capital at risk.
The investment has a five-year term and interest is paid on 65% growth of the funds over this term. A minimum investment of £5,000 sterling is required to invest in the fund and capital is fully protected during the period of the deposit.
The rate of return for the five-year investment fund is linked to the performance of a weighted basket of funds. Investors do not have to pay any separate fees normally associated with the management of the funds.
The five major funds the product is linked to are Invesco GT Bond Fund, Parvest US Quant, Schroders UK Fund, UBS LX Equity Fund and Credit Agricole Eurostoxx.
The group says its product offers particularly good value for money because it is linked to the performance of actively managed funds and not directly to stock indices.
Mark Johnson, head of sales and business development at Bank of Ireland Fsharp commented: "For added protection in the current economic climate, 30% of the depositors' capital will be invested within the safer bond market."
The Funds Protected Product is aimed at existing and potential Bank of Ireland Fsharp customers who have sterling deposits to invest. Bank of Ireland will accept deposits from 7th January 2002 up to 19th March 2002. Availability is limited.
Further information is available online at www.boifsharp.com, by email on [email protected] or by telephone on + 44 1624 644 222.
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