View more on these topics

RBS bond places faith in Nasdaq

Royal Bank of Scotland International and Natwest Offshore have joined forces to offer the Nasdaq guaranteed return bond issue two.

The product is a guaranteed equity bond that will track the performance of the US-based Nasdaq 100 index over a three-year period. The bond is aimed at the cautious investor who wants to invest in a stockmarket over a short time period but who does not want to risk their capital.

Investors are guaranteed at least 110 per cent of their original capital back at the end of the term, even if the index falls. If the Nasdaq rises then investors can get up to 9 per cent of the growth every quarter, which adds up to a potential maximum return of 108 per cent of the growth at the end of the three years. Every quarterly rise in the index is locked into the product which lessens the chance of a long string of bad results giving a low return.

The Nasdaq 100 has undergone a bout of prolonged losses over the past year. Initial gains from a December 31, 1997 level of 990.8 to a December 31 1999 level of 3,707.8 have now fallen back to a level of 2,441 on January 9, 2001.


&#39There is no secret agenda&#39

Last week, the FSA published, Reforming Polarisation: First Steps, which sets out for comment some proposed changes to the polarisation regime. There are no surprises in the changes put forward bec ause they were described last November when it was ann ounced in the pre-Budget report that the Treasury had accepted the FSA&#39s advice on […]

Friends Ivory & Sime launches new socially responsible fund

Friends Ivory & Sime is launching a new actively-managed balanced socially responsible investment fund (SRI) as part of its pooled pension fund range. The fund is aimed at pension schemes looking to apply SRI across all their investments. The fund has been developed with The Pensions Trust, Christian Aid and Oxfam. Friends Ivory & Sime […]

Liontrust, Close and Rathbones join forces

Close Fund Management, Liontrust Investment Funds and Rathbones Unit Trust Managers are joining forces to deliver the message that “small is beautiful” in the investment world. The three boutique investment houses will host an IFA presentation together for the first time in London on Feb ruary 16 under the slogan: “It&#39s not our size that […]

Loan advisers have high hopes

Mortgage advisers have high hopes for this year, forecasting an increase in business of 3.5 per cent for the first quarter, according to the Paragon Mortgages&#39 Fact index published this week. This follows a fall in confidence during the final quarter of last year. General confidence levels dropped to 104.4 per cent from 106 per […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm