HSBC's offshore arm launches two new funds

HSBC Bank International Ltd is launching two new investment funds tomorrow, offering stock market growth potential to investors. The latest in HSBC's popular Capital Secured Growth Funds (CSGF) series, the new funds reflect HSBC's confidence in prospects for the US market and Europe's top 50 companies.

The two funds, which will run for four and a half years, are linked to the NASDAQ and Euro Stoxx 50 indices, respectively, and are designed to offer 100% capital security if the investment is held for the full term. They also have innovative features that offer growth that can be locked in during the term, depending on the performance of the underlying indices.

Pauline Azzopardi, product manager at HSBC Bank Malta plc, said: "These funds have been designed specifically to 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 restructuring, the prospects for these two funds are based on stock market indices that we feel are ripe for growth."

Customers interested in receiving more information on the Nasdaq Bonus Fund and the European Growth Fund can contact HSBC's customer helpline 8007-4444 or visit any HSBC branch in Malta and Gozo.