Inora launches equity-linked three-year bond

Inora Life has launched a capital-protected, equity-linked three-year bond. The performance of the Dynamic Income Fund II, domiciled in Dublin, is derived from the performance of 25 global stocks selected from the Dow Jones Global Titans share index. Stocks include BP Amoco, HSBC, Roche and Microsoft. On the 13 December 2001 start date, the value of each stock is recorded. The stocks are left to grow for two years. In year three from 14 December 2003 to 13 December 2004, the value of the 25 stocks is measured daily. The top performing 15 are removed and the performance of the remai...