HSBC Bank Canada has launched the HSBC Asian Tigers Stock Market Guaranteed Investment Certificate and the HSBC 50/50 Asian Tigers GIC bundle.

The two GIC products are based on Hong Kong’s Hang Seng Index, South Korea’s KOSPI 200 Index, the MSCI Singapore Index, and the MSCI Taiwan Index.

“In the Year of the Tiger, the Asian Tigers Stock Market GIC products provide our clients with an opportunity to tap into growing, dynamic economies, while offering them the safety and security of a leading rate and guaranteed protection of their savings dollars,” says Euan Campbell, senior vice president, marketing and products, HSBC Bank Canada.

“Over the past year, each of the Asian Tiger indices has experienced strong gains, and these GICs are designed to capitalize on this strength,” he adds.

The Asian Tigers Stock Market GIC allows holders to receive a variable rate of return, linked to the performance of the Asian Tigers indices, while fully protecting their principal.

The 50/50 Asian Tigers GIC bundle offers investors a very competitive guaranteed interest rate for half the investment, while providing them with exposure to these dynamic Asian markets for the other half. Each country will be given equal weighting within the GICs, and both are tailored to a broad range of investors.

IE