PanEuroLife has announced the launch of two structured products.

Alternative II Fund is the second guaranteed fund offered by the Luxembourg-based life company where growth is linked to the Aternova-b fund, managed by Société Générale.

The life-wrapped product has an investment term of eight years and offers investors 120% of the sum of the monthly performances of the FCP Alternova-b fund, net of the costs of capital guarantee, at maturity.

The Click Eight Fund is also an eight-year life investment, based on a basket of 24 international stocks.

This product offers investors a fixed annual coupon of 8% for the first three years and from the fourth year, a coupon based on the returns of eight stocks in the basket. The minimum capital return at maturity is 100%.

For the both products the subscription period runs from 12 January to 6 April 2005.

These products will appear shortly in Recent Additions.