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HSBC&#39s capital idea to safeguard retirement

HSBC has joined the small number of companies offering a capital-protected


Isa. HSBC Safety.net is aimed at the risk-averse investor who is looking


towards retirement.


It invests in a portfolio of 20 technology companies, including Microsoft,


Siemens, Yahoo and Toshiba. Investors&#39 capital is protected with a


guarantee that, even if the shares of all the companies fall below their


starting level, a minimum of 90 per cent of capital is returned.


Despite the recent market corrections in the Nasdaq 100 index and


the threatened break-up of Microsoft, HSBC feels the sector still has a lot


of growth potential and that the technology boom will continue over the


long term.


Capital-protected Isas are not common and many investors will welcome the


benefit of having a degree of protection. However, recent market


corrections have shown that the technology market could be overvalued and


that this is an area of volatility.

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