In Brief: Index trackers

BOTH Hambro Guardian Assurance and National & Provincial Building Society are launching limited-risk five-year FT-SE 100 Index bonds. The Hambro bond requires a minimum investment of pounds 5,000. N&P is offering two options on the third issue of its Guaranteed Equity Reserve. The minimum investment is pounds 500. Investors can opt for a return of 133.33 per cent of any FT-SE growth and a minimum guarantee, if there is no rise in the index, or a refund of the original investment. Alternatively, they can chose a return of 100 per cent of the FT-SE index or a minimum return of 125 per cent of the original investment. Details from Hambro on freephone 0800 616431 and from N&P branches or on 0274 733444.