LOOSE CHANGE

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The Independent Online
Fidelity is launching an Asian Values Investment Trust at 100p a share plus warrants. The trust will borrow to increase its exposure to emerging Asian markets. Minimum application is 2,000 shares and the closing date is noon on 5 June. Initial expenses are capped at 4.5 per cent.

Royal Insurance is launching an Emerging Markets unit trust next Wednesday. The price is 50p a unit, the minimum investment is pounds 1,000 the initial charge is 6 per cent and the management charge 1.5 per cent but there is a 2 per cent launch discount.

Jupiter has launched a UK Special Situations Fund investing mainly in smaller UK companies. It qualifies for a PEP. The initial charge is 5.25 per cent and the annual charge 1.5 per cent with a 1.5 per cent discount during the launch period.

HSBC has launched a guaranteed PEP with returns linked to the FT-SE 100 index over the next five years.

Norwich & Peterborough Building Society has launched a new issue of its Quantum Account paying a guaranteed minimum rate over four years, escalating annually from at least 5 per cent in the first year, to 7.5 per cent in year four. Minimum investment is pounds 5,000, and withdrawals can be made without penalty on seven days notice.

Bradford & Bingley has launched a new follow-up Tessa offering new and existing customers 7.4 per cent tax-free on a pounds 9,000 investment.

Black Horse Financial Services has launched a six-year guaranteed bond linked to the FT-SE 100 index with a maximum growth option, a growth with lock-in and a secure option with a minimum return of 30 per cent.

Johnson Fry is offering a new Growth PEP managed by Mark Slater, son of Jim.

The initial charge is 4 per cent and the annual charge 1.5 per cent.

Lincoln National, the financial services group is offering readers a free guide to the new rules on sickness benefit and invalidity benefit which took effect last month. Call 0800 378055.

NatWest Bank is offering a free pension fact sheet for women. Call 0800 255200.

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