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Jesmond Mizzi Financial Services Limited has just launched another investment service. The Sterling Income Bonds Portolio-2007 is a composite of investment grade bonds, issued by foreign issuers, denominated in Sterling that matures in three years time. The total indicative return on the investment will be 5.2 per cent per annum.
Speaking about the new product, company Chairman Jesmond Mizzi explains, “After the success with a similar service which was launched last month, the company received requests from the investing public to launch a sterling bonds portfolio service with bonds maturing in three years times. In view of potential increases in interest rates investors do not wish to tie up their money for a long period of time, and therefore this service is aimed at investors with these concerns in mind.”
The service will invest in investment grade bonds thus giving the investor exposure to AAA to A+ grade bonds. Investors will get back their capital and the last interest payment in September 2007. The indicative return per annum is based on the current yield to maturity of the bonds forming part of the portfolio and is subject to market movement until the pricing date when it will be fixed and advised to investors.
Potential investors may participate with a lump sum investment of at least GBP3000 or other currency equivalent. The offer will close on the 28 October 2004.
Investors should note that the underlying investments are subject to market fluctuations and the risks inherent in all investments. Past performance is not necessarily a guide to the future. The value of investments can go down as well as up and the investor may not realise the value of one’s initial capital. Currency exchange rates could have an impact on the value of the investment and the income derived there from. Redemptions on maturity of the capital invested in the underlying bonds depend on there being no default by the bond issuers.
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