Group issues tracker bond

STRONG demand from a risk-averse public has prompted New Ireland to issue its seventh tracker bond in 2002.

Investment sales manager Niall Tinney says the product, which closes to investors on December 20, offers 100% capital protection and “all of the growth”.

With investors still nervous about stock markets despite the 15% growth over the past four to six weeks, New Ireland believes punters crave the safety of the tracker-type investment.