ING Investment Management in Hong Kong has launched the ING Global Brand Names Guaranteed Fund, a fund that will invest in a basket of 10 top brand names. The four-and-a-half year fund comes with a full capital guarantee combined with 4.4% in coupons over the full period. On top of this there is the chance for capital growth of up to 68%, based on an 18.67% or more return on the 10 stocks in each of the nine six-month periods.
In the fund's explanatory memorandum ING states that if the fund raises less than $15 million between July 16 and August 15 then it reserves the right to return all cash to investors...
