Hibernian Life & Pensions is to launch its Secure Capital Fund into the investment market. This is the first new product available to both broker and bank customers following the signing of a joint venture deal with AIB in January 2006.
The Secure Capital Fund has been designed to provide returns linked to stockmarket performance, while at the same time reducing the risk to customers of a traditional stockmarket investment.
A major selling point of the Secure Capital Fund is the in-built protection available to investors on the sixth anniversary of the investment being made. A further plus point is that while it is best suited for people investing six years or longer, there is an understanding that investor’s circumstances can change and that they may need emergency access to cash before the end of the six year period. As a result a facility for early encashment is available, though there is no guarantee of what the investment will be worth at this time.
“The Secure Capital Fund is a low to medium risk investment which should appeal to a broad range of investor,” says Gareth McQuillan, the marketing and product development director of Hibernian Life & Pensions. “With returns linked to Hibernian’s High Yield Fund and Aviva’s European Property Fund, this investment offers exposure to two very attractive funds with extremely impressive track records. What will be of particular interest to the more cautious investor is that at the sixth anniversary they can be sure that their investment will be worth at least the full amount of money invested at the outset.”
The Secure Capital Fund is available from brokers under Hibernian’s Spectrum Bond and from AIB under the AIB Investment Portfolio.