HSBC technology Isa

By Kira Nickerson HSBC Asset Management has launched a protected technology Isa linked to a basket o...

By Kira Nickerson HSBC Asset Management has launched a protected technology Isa linked to a basket of 20 equally weighted underlying stocks. Safety.net is a Dublin-based product and the offer period lasts until 1 June. It offers 90% capital protection but only if the product is held throughout its three year term. Among the stocks in the portfolio are the likes of Microsoft, Motorola, AT&T, Cisco, Nokia, Sony, Yahoo, Toshiba, AOL and Vodafone. There is a 5.25% initial charge and an annual fee of 0.5%, 3% initial commission is also available. In order to provide the capital preservation...