HSBC Bank International has launched a US dollar-denominated China product, the Asia Bonus Fund, whose return is equally weighted and averaged between the FTSE Xinhua and Hong Kong Hang Seng indices.
The five-year product returns the greater of initial capital plus 10.5% or the sum of its annual bonuses. Annual bonuses of 10.5% are applied upfront, and increased or decreased by the lowest monthly performance in that 12-month period.
Asia Bonus Fund is a sister product to the Nasdaq Bonus fund, whose details are on the site.
Product closes 17 August. Minimum investment is $5,000.
