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Axa launches capital protected FTSE bond

Axa is launching a capital protected bond offering 77 per cent of the
growth in the FTSE 100 index while guaranteeing the return of initial

The bond does not allow any withdrawals during its five and a half
year term and is available from February 9, with a 0.4 per cent extra
allocation in the first two weeks from launch, followed by a 0.2 per
cent extra allocation in the third and fourth weeks of the offer period.

Axa investment marketing manager Mike Mumford says: “This is a
great product for IFAs looking to encourage investors out of cash and
into UK equities, with the added benefit of capital protection.”


&#39Boomerang&#39 relatives pose financial threat – Birmingham Midshires

The trend of children and elderly relatives moving back into the family home is putting severe financial strain on working adults according to lender Birmingham Midshire&#39s latest research. While 63 per cent of the adults questioned said they could cover additional day to day costs for these &#39boomerang&#39 relatives such as food expenses, only 54 […]

Base rate sticks at 3.75 per cent

The Monetary Policy Committee voted today to keep base rate at 3.75 per cent for another month, a decision that was widely expected by the industry. Charcol senior technical manager Ray Boulger says: “It would have been a major surprise had base rate changed today. Key rate change stimuli has eased recently, in particular general […]

Honours listless

The Diary swelled with pride last week at the announcement that no less than 17 people involved in the financial services industry were honoured in the Queen&#39s New Year&#39s honours list. And only seven of them were employees of the Department for Work and Pensions, which means 10 genuine financial industry notables got merits for […]

Thames River Capital – Thames River Hedge +

Type: Closed-ended fund of hedge funds Aim: Growth by investing in hedge funds and related investments Minimum investment: Lump sum £3,500 Place of registration: Guernsey Investment split: Distressed 19%, multi-strategy 18%, equity hedge US 17%, merger arbitrage 10%, equity hedge global 9%, fixed income arbitrage 8%, convertible arbitrage 4%, credit 4%, trading 4% Charges: Initial […]


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