HSBC Offshore is set to launch two five-year capital secured growth funds (CSFGs), one linked to the Nasdaq 100 and the other to three Asian indices.
Both funds, which will be available from 22 April 2003, offer investors 100% capital security, assured minimum returns, locked-in annual growth and initial bonuses. They are based on stock markets in the same regions as the previous CSGF series because of high demand from investors to access these regions.
The Asian Annual Growth fund is linked to the South Korea KOSPI 200, FTSE/Xinhua China 25 Index and the MSCI Taiwan. The fund offers investors a minimum return of either 11% in sterling, 9.5% in dollars, or 8.5% in euros. These figures are also the maximum return an investor can get per year - and any gains are locked in on a year by year basis.
HSBC Offshore has focused on Asia as it has increased export led demand, inward investment and a competitive labour market. Asia is non-correlated with the western markets and there is increasing demand for investments in China following its entry into the World Trade Organisation.
The Nasdaq Bonus II fund invests in the Nasdaq 100 index and offers investors their money back plus a return of either 12.5% sterling or 10% dollar. The Asia fund offers a potential annual return of 11% sterling, 9.5% dollar and 8.5% euro.
Minimum investments for each portfolio is $5,000, E5,000 or GBP5,000. The limited offer opens on 22 April 2003 and closes on 17 June 2003 ' or earlier if oversubscribed. The investment period is five years.
These products are the tenth in HSBC Offshore's CSGF series.
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Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation