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Technology a winner for AIG

AIG Life is aiming its stockmarket income bond at investors who are seeking exposure to technology through a link to the Nasdaq 100 index.

This high income bond has a three year term and offers investors a choice of annual income at 10.25 per cent, monthly income at 0.83 per cent or a growth alternative of 32.50 per cent after three years.

Investors will get all their original capital back if the level of the Nasdaq 100 index does not fall during the term. If the index falls by up to 25 per cent, investors will also get their original capital back. However, if the index falls by more than this during the term, the capital will be reduced by the same percentage as the fall.

The bond is suitable for fairly risk averse investors who do not want to make a direct investment into the stockmarket but who still want exposure to the Nasdaq 100 index. Ultra cautious investors who are not confident that the technology sector will pick up in the next few years may prefer to invest in one of AIG Life&#39s three other high income bonds. These are linked to other indices such as the FTSE 100.

The Nasdaq 100 index rose from 1 05.810 points on January 16, 1998 to 2470.720 points on January 16, 2001.

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