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SLL woo low risk investors with new bond

Scottish Legal Life has introduced the latest version of its guaranteed investment bond.

The bond is aimed at cautious investors who want to invest their money for capital growth with as little risk as possible. The bond will invest entirely in the Britannic higher yield fund.

The Britannic fund provides access to the stockmarket by investing in a portfolio of higher yielding securities from companies in the financial, industrial and consumer goods industries.

Provided that they keep their money within the bond for the five-year term, investors will get back all of the original investment, even if the Britannic fund falls in value. It also allows investors to receive up to 70 per cent of the growth of the bond, giving a possible return of 170 per cent of the original investment.

The funds return of up to 70 per cent of the growth of the Britannic fund is competitive when compared to the rest of the market. The equity-linked deposit account from Allied Irish Offshore offers 60 per cent of any growth.

According to Standard & Poor’s the Britannic higher yield fund is ranked 50 out of 84 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to November 27, 2000.

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