HSBC protected fund to tap into China's success

Structured products

HSBC Bank International has brought out a protected China fund linked to the returns of the FTSE/Xin...

HSBC Bank International has brought out a protected China fund linked to the returns of the FTSE/Xinhua China 25 index. The minimum return over the course of the five-year plan is return of original capital plus 8% for dollar investments, 10.8% for sterling and 7.3% for euro. The product locks in a series of bonuses, depending on the monthly performance of the index, and once granted these cannot be taken away. HSBC argues the product, the China Bonus fund, should prove attractive because of the potential of the underlying market. China has seen strong economic growth in recent years, i...