View more on these topics for wary new tech investors

HSBC Asset Management is launching a protected technology Isa to attract

investors wanting to participate in the tech boom without the risk.

The Dublin-based closed-end fund will protect 90 per cent of

the initial capital while offering a 100 per cent return on all gains on

the portfolio through the use of derivatives.

The fund will have a life span of three years and will focus on 20 of the

leading global stocks including AOL, Vodafone, Microsoft, Sony, Cisco

Systems and Nokia. It is only available until June 1.

Growth will be calculated using the discreet quarterly returns of the

portfolio averaged at the end of the three-year period.

It is available as a maxi Isa or a share investment. Initial charges are

capped at 5.25 per cent with an annual management charge of 0.5 per cent.

Commission is 3 per cent.

HSBC claims it is the first protected technology Isa although Scottish

Life International has recently launched an offshore protected fund

tracking the Nasdaq index.

HSBC Asset Management head of savings & investments Alan Gadd says:

“Technology investment is now a rich seam to mine for new growth

opportunities but many investors understandably remain on the sidelines,

concerned at the higher level of risk and volatility.

“This offers exposure to technology with a significant reduction in the risk.”


IFAs get a line on The Exchange

The Exchange is offering IFAs free ISDN installation and WAP mobile phonehandsets in a move it says will speed up its quotation service. The companysays the ISDN connections will give intermediaries faster access to productquotations, business services and financial strength research through itsExweb service.The offer is running alongside The Exchange&#39s WAP launch to consumerswhich will […]

Seumas is hanging up his 14 sporrans

Former Pearl Assurance salesman Seumas McSporran is hanging up his hat,cap, helmet and a whole host of other headgear as he retires from a totalof 14 different jobs on Gigha, a wee island off the Mull of Kintyre on thewest coast of Scotland. The 62-year-old held down jobs as the island&#39sinsurance broker, policeman, fireman, pier […]

Co-op says there&#39s no place like home service

Co-operative Insurance Society has hit back at criticism of thehome-service financial services industry.It is concerned that all companies with a home-service division are beingtarred with the same brush.The FSA says industrial-branch products are poor value and customersshould be wary of them.Labour MP Jim Cousins and Liberal Democrat MP Vincent Cable have calledfor the FSA to […]

Investment View

What a week. The last time I recall the Stock Exchange being unable tooperate was in the aftermath of a hurricane that scythed its way throughSouth-east England, blocking roads and railway lines and preventing dealersfrom arriving at work. It was unfortunate that the October 1987 storm tookplace just before one of the biggest ever falls […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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