SABB Launches NASDAQ Bonus Fund

Author: 
Staff Writer
Publication Date: 
Mon, 2003-06-09 03:00

RIYADH, 9 June 2003 — The Saudi British Bank (SABB) has launched its SABBINVEST capital guaranteed NASDAQ Bonus Fund which offers investors the potential to earn with 100 percent capital security plus a minimum ten percent guaranteed return at maturity, regardless of overall market performance, according to a SABB press release issued here. “The fund offers a unique feature that fully invests in best performing companies within the NASDAQ-100 index and spreads money over a wide range of sectors and not investing directly into a small number of individual companies, which substantially reduces the risk, the release said.

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