Two of HSBC?s new capital secured fund offerings are now available to the local market through the Bank of Bermuda.

The US Growth Fund and the European Bonus Fund will be available to local investors until October 26.

The Bank of Bermuda says that both provide investors with the security of capital protection, a minimum return and the potential for additional bonuses at the end of the five-year term.

The US Growth Fund invests in the S&P 500 Index and features a new variable lock-in feature, designed to capture the highest level of growth, subject to a maximum return of 66 per cent, over the five-year investment term. Investors also benefit from a minimum return of ten per cent as well as the knowledge that their original capital is secure.

The European Bonus Fund is linked to the performance of five equally weighted major European stock market indices. The fund is designed to provide investors with capital security and the greater of a minimum return (8.3 per cent for US dollar investments, 10.5 per cent for sterling or 7.0 per cent for Euro), or an unlimited return based on five potential bonuses.

HSBC said in a release: ?The new European Bonus Fund reflects the resurgence of five key European economies, coinciding with the expansion of the European Union and increasing signs of economic recovery. Alternatively, the US Growth Fund provides investors with the opportunity to benefit from an innovative product and the potential growth in the world?s largest economy.?

Offshore Fund and Product Awards have recently recognised HSBC?s Capital Secured Growth Funds for ?passing the benefit of HSBC?s structured product expertise to clients without demanding unreasonable fees in return?.

Jason Schella, Sales Manager of the Bank of Bermuda?s Investment Centre said: ?HSBC?s CSGF series continues to offer highly specialised investment products to our local market that complement our existing core All Points mutual fund offerings. As a member of the HSBC group we now have the capability to extend our product options to include funds that offer additional sophisticated investment solutions to our local investors.?