View more on these topics

Safety.net 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 Safety.net 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.”

Recommended

Trolley good show

The supermarket has become a one-stop shop where you can buy almostanything while saving time and money.Now, a new type of supermarket has arrived where people can go to plantheir financial future and fill their trolley with unit trusts, Oeics andIsas.But not all fund supermarkets are equal. How do you tell them apart? Whatare the […]

97 Royal London staff axed over new pay deal

Home-service life office Royal London has sacked 97 of its salesforce forrefusing to sign new contracts replacing commission payments withperformance-related pay.The company told its salesforce to agree to the contracts or it wouldterminate their relationship in a bid to wean staff off commission.Basic pay has been increased from £11,000 to £17,000 and a system ofvariable […]

Live in the real-time world

Sort is a new generation of financial adviser which works primarily worksover the internet with no face-to-face contact.We do not sell products or take commission but charge relatively low fixedfees. Our advice is tailored to the indiv idual, giving specific productrecommendations where appropriate, and is also compliant with regulatorrequirements.Before we launched the business, we commissioned […]

AIM outdraws FTSE 100

The AIM attracted 46 companies raising a total of £472m during the first quarter.This is compared to the FTSE 100 which drew in 13 companies worth a combined £889m during this period.AIM&#39s advantage is that it does not make the same stringent requirements on companies as does the FTSE 100. On that index, a lengthy […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment