Allied Irish Bank is topping best buy tables with the fixed income component attached to its latest structured product.
The Portfolio Combination Bond, which offers a 15% return after one year on a fifth of initial capital, has been described by the Irish Independent as containing ‘the carrot of the best deposit rate currently available in the savings and investment market’.The remaining 80% of the investment is placed in a four-year growth account offering a minimum capital return of 100%, plus 65% of the rise in a basket composed of the DJ Eurostoxx50, S&P500 and Nikkei225. The product is issued by Ark Life and sold via AIB.
Ronan Twohig, investment development manager at AIB Investments & Protection, told the Independent that the bond "should appeal to investors who are happier to balance risk and reward".
The minimum investment for the product is €10,000.
This product appears in Current Offers (Ireland).
