CommSec launches two new investment opportunities in China and Europe
31 August 2006
CommSec has launched two new investment opportunities – Capital China 2006 and Capital Europe - that provide investors with access to leading European companies and China’s powerhouse economy.
Capital China 2006 and Capital Europe represent the Bank’s latest ‘Capital’ offerings and sit alongside ‘Japan’ and ‘Asia’ which were launched earlier this year.
Capital China 2006 is a six year Australian Dollar investment that seeks to provide capital growth based on the performance of a range of Chinese enterprises.
"The Chinese economy has been a key driver of global economic expansion, growing at a nine per cent average over the last five years," said CommSec’s Chief Equities Economist Craig James.
"The Hong Kong stock market has mirrored the strong performance of the Chinese economy and the Asian region as a whole, with the market index lifting by 29 per cent over 2006" added Mr James.
In Capital China 2006, investors will have access to some of China’s largest companies which are listed on the Stock Exchange of Hong Kong.
Similarly some of the world’s largest and most successful blue-chip companies are listed on the European mainland and Capital Europe delivers an entrée for investors to access the growth potential of companies such as ING, Nokia and Siemens.
"The outlook for Europe has brightened over the past year, culminating in latest figures showing the Euro-zone economy growing at the fastest rate in the past six years", added Mr James.
Capital Europe is a five year Australian Dollar investment linked to the performance of 50 leading European stocks.
CommSec’s General Manager, Matt Comyn explained, "We’ve found that our investors are continuing to look for innovative investment products and Capital China 2006 and Capital Europe provide them with opportunities that might otherwise only be available to wholesale investors".
"Capital China 2006 and Capital Europe provide access to overseas sharemarkets without the complications of direct investment on a foreign stock exchange, or the in depth knowledge and resources required of this market to pick stocks directly," said Mr Comyn.
Capital Europe offers 100 per cent capital protection at maturity and a guaranteed minimum coupon of not less than eight per cent in the first year, plus potential coupons of six per cent during years 1-5.
Capital China 2006 is not "capital protected" but the Maturity Value is calculated by multiplying the capital growth by a minimum of 150%.
Both product offers close 29 September 2006 and carry a minimum investment of $5,000.
**Source: Department of Foreign Affairs and Trade
For more information Ph: 13 15 20 (between 8.00am and 5.00pm EST Monday to Friday) or visit www.commsec.com.au
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