TWO new tracker bonds for June investors. The first is a five year and three month bond from Hibernian, the second is Issue II of the AIB Guaranteed Tracker Bond series.

The Hibernian tracker, called the JUNE tracker, divides the fund between four global indices - the Japan Nikkei 225 (30 per cent), the UK FTSE-100 (30 per cent), the North America S & P 500 (10 per cent) and the European index (30 per cent).

In addition to guaranteed capital, investors have two options with this bond: a 120 per cent gross return of the overall rise of the basket of indices over the term, or a minimum 20 per cent gross return on investment and an overall cap of 70 per cent gross growth should the markets do better than 20 per cent. A minimum investment of £5,000 is required.

The AIB bond requires a low minimum investment of £2,000 (the majority of bonds need £3,000 to £5,000) and tracks the performance of the Eurotrack 200 (75 per cent) and Nikkei 225 (25 per cent) indices. You can choose between a 3 1/2 year or five year term.

This offer closes June 27th.