HSBC Asset Management has reissued its Dublin-based Global Protection Pep, which allows investments up to £9,000 to be made, using both the single and general Pep allowances.
This Pep has traditionally been aimed at the cautious investor perhaps dipping a toe in the equity market for the first time. However, HSBC is also targeting investors who want to maximise their Pep allowance before the introduction of the Individual Savings Account.
The Pep may also appeal to investors transferring from equity-based Peps who want to realise their gains and avoid any market volatility.
The Global Protection Pep offers the chance to achieve 100 per cent of growth in the stockmarket indices to which it is linked while safeguarding the capital invested.
The investment strategy has moved away from the philosophy of previous issues, which were linked equally to the Far East, Europe and the UK. Because of the rollercoaster ride in the Far East, the strategy has been switched to links with the world's seven biggest stockmarkets.