Euro income bond launched
Jesmond Mizzi Financial Services Ltd (JMFS) has launched another discretionary portfolio investment service. The Euro Income Bonds Portfolio 2012 is denominated in euro and is a composite of investment grade bonds from foreign issuers. The bond...
Jesmond Mizzi Financial Services Ltd (JMFS) has launched another discretionary portfolio investment service.
The Euro Income Bonds Portfolio 2012 is denominated in euro and is a composite of investment grade bonds from foreign issuers. The bond portfolio matures on December 31, 2012 and will earn investors a total indicative return of 5.7 per cent per annum, before charges and taxes.
"This service has three main advantages for local investors, namely investing in foreign investment grade bonds, investing without currency risk and investing in short-term maturing bonds," JMFS chairman Jesmond Mizzi said.
The indicative return is based on the current yield to maturity of the bonds forming part of the portfolio and is subject to market movement until the pricing date when it will be fixed and advised to investors.
Potential investors may participate with a lump sum investment of at least €5,000. The Euro Income Bonds Portfolio is available until the end of April.
The Euro Income Bonds Portfolio 2012 is denominated in euro and is a composite of investment grade bonds from foreign issuers. The bond portfolio matures on December 31, 2012 and will earn investors a total indicative return of 5.7 per cent per annum, before charges and taxes.
"This service has three main advantages for local investors, namely investing in foreign investment grade bonds, investing without currency risk and investing in short-term maturing bonds," JMFS chairman Jesmond Mizzi said.
The indicative return is based on the current yield to maturity of the bonds forming part of the portfolio and is subject to market movement until the pricing date when it will be fixed and advised to investors.
Potential investors may participate with a lump sum investment of at least €5,000. The Euro Income Bonds Portfolio is available until the end of April.