29 March 2007
Citibank NA Bahrain, a member of Citi, and Man Investments, the world's largest hedge fund provider, yesterday announced the launch of a new 100 per cent capital protected product based on Man MGS Access portfolio.
The product, Man MGS Access Series 2 Ltd (Access), will be offered in two note classes, both targeting a moderate level of 8-10 per cent annualised volatility. The USD note will aim for annualised returns of 13-16 per cent and EUR note will target annualised returns of 11-14 per cent. Investors will also benefit from capital protection from Citibank, NA, London Branch, and a unique profit lock-in feature.
Ashish Bhugra, Country Business Manager for Citibank Bahrain, said: "we constantly aspire to achieve new benchmarks in customer service and new products. The launch of this exclusive product shows how we are in a position to leverage on our global strengths, strong business positioning, unrivalled scale and efficiency, powerful branding and the broadest product offering for the benefit of our customers in Bahrain."
Citibank NA Bahrain, a member of Citi, and Man Investments, the world's largest hedge fund provider, yesterday announced the launch of a new 100 per cent capital protected product based on Man MGS Access portfolio.
The product, Man MGS Access Series 2 Ltd (Access), will be offered in two note classes, both targeting a moderate level of 8-10 per cent annualised volatility. The USD note will aim for annualised returns of 13-16 per cent and EUR note will target annualised returns of 11-14 per cent. Investors will also benefit from capital protection from Citibank, NA, London Branch, and a unique profit lock-in feature.
Ashish Bhugra, Country Business Manager for Citibank Bahrain, said: "we constantly aspire to achieve new benchmarks in customer service and new products. The launch of this exclusive product shows how we are in a position to leverage on our global strengths, strong business positioning, unrivalled scale and efficiency, powerful branding and the broadest product offering for the benefit of our customers in Bahrain."
By Business Correspondent
© Bahrain Tribune 2007
