Bank Leumi has just closed the offer period of a new suite of Euro and Shekel-denominated structured deposits for Israeli investors.
The Four-Year MSCI Asia Deposit guarantees investor's capital at the end of the term alongside a 70% participation (for the euro-denominated version) and 100% (for the shekel-denominated option) of the rise of the MSCI Asia Excluding Japan Index. Four-Year Dollar Technology Deposit is a structure offering exposure to the Technology Sector Index with 100% capital protection plus 75% participation (for the dollar-denominated option) and 100% participation (for the shekel-denominated structure) in the increase of the underlying index, subject to quarterly averaging. The return of the shekel-denominated versions of both investments will be linked to the dollar-shekel exchange rate at maturity.
"Despite the severe blow to exports during the global economic crisis, it appears that the growth and recovery potential of the developing nations in East Asia still prevail; while the technology sector managed to cope with the recent crisis impressively, recording an average surplus annual return of approx. 5% in the 2007-2008 period, compared with the S&P500," said Bank Leumi.
The MSCI Asia Deposit and the Technology Deposit struck yesterday and had a minimum investment of $10,000/NIS15,000.