International capital secured growth fund features a four-year investment termHSBC adds growth fund

HSBC International has launched the first tranche of International Capital Secured Growth Funds (CSGF) to replace the Guaranteed Capital Investment Bonds (GCIB). Domiciled in Dublin the CSGF is authorised by the Central Bank of Dublin. The Undertaking for Collective Investments in Transferable Securities (Ucits) structure of the CSGF makes it available in more countries than the GCIB was. Countries now included are South Africa and the Far East. The CSGF is a four-year investment term. However, the structure allows for an early redemption facility so investors can take their money out be...