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Baronworth stoxx up growth

Baronworth Investment Services has joined forces with Investlife

Luxembourg to produce the high income & growth bond.

The product is a guaranteed equity bond and is aimed at the

medium-risk investor looking for a product that gives either income

or growth over a five-year period.

Investors can choose to take either 2.44 per cent income every

quarter, 10.45 per cent income every year or roll the growth up to 61.2

per cent over the term of the investment.

The bond will invest in eight areas of the Dow Jones Euro Stoxx 50

index. These will be energy, banks, insurance, autos, food and

beverages, media, chemicals and healthcare.

Some of the companies listed in these areas of the index include

British Petroleum, Royal Dutch Petroleum, Barclays, Lloyds TSB, ICI,

BOC, Porsche, Pirelli, Cadbury-Schweppes, Heineken, Legal

& General, Skandia, BSkyB, Reuters, Astra Zeneca and

Smithkline Beecham.

At the end of the five-year period the capital will be returned in full, as

long as the final value of the worst performing area is above its

starting level.

This product is similar to the Scottish Mutual income bond, which

invests in the FTSE 100 and S&P 500 indices, with both

income and growth options available. Although the Scottish Mutual

product only runs for a three-year period, the original return is

guaranteed to be returned unless the stocks in the index fall by more

than 30 per cent in the last year.

Over the past five years the Dow Jones Euro Stoxx 50 index has more

than doubled in value, rising from 1,604.5 points on September 4,

1996 to 3,600.5 points on September 4, 2001.


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