First Active has introduced its second secure-investment bond to track market sectors. The bond tracks five sectors in the European stock market - banking, healthcare, industrial goods, technology and utilities - over an investment period of five years.
The Secure Sector Bond Series 2 uses a "lock-the-best" system, where the best performing sector has its performance "locked-in" on the anniversary of the issue date.
The final return on the investment is the average of the "locked-in" values and the investor will participate in 80 per cent of the average.
The original capital is fully protected.
The closing date for the bond is August 15th and the minimum investment is £3,000 (#3,809). Investors can monitor the performance of the bond at www.firstactive.ie.
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