Fortis Investments has launched Fortis Xin Taiwan Equity Guaranteed Fund, its first structured fund for the Hong Kong market since it acquired ABN Amro Asset Management last year.
“With Taiwan becoming an important part of the Greater China thrust, stronger ties with the mainland and the resulting positive economic sentiments will undoubtedly lead to structural improvement in Taiwan’s economic development,” said Carol Wong, head of distribution partners, Fortis Investments HK.
The two-year fund is linked to the Taiwan Stock Exchange Capitalization Index (Taiex), guaranteeing 95% capital return at maturity with 80% (indicative) participation in the average rise of all quarterly recorded levels.
The firm said it is not planning to launch structured funds on a regular basis. Distributors include Bank of China and Fubon Bank, among others. Commission is payable to independent third parties.
Fortis Xin Taiwan Equity Guaranteed Fund will be offered until 15 August.
This product appears in Recent Additions (Hong Kong).
