ANYONE interested in investing exclusively in the Japanese Nikkei 225 index of stocks might be interested in Ark Life's eighth issue of its Guaranteed Tracker Bond.

You can choose to invest a minimum £2,000 in either a three or five year option: the three year bond guarantees to return the equivalent of 75 per cent gross of any growth in the Nikkei while the five year bond returns 100 per cent gross of any growth.

Your capital is guaranteed only if you leave your funds intact for the complete term of the contract. Any profits will be taxed at 27 per cent before being paid out to you.

The closing date for this bond is August 30th.