KEY POINTS:
What is it called and what sort of savings product is it?
The Credit Suisse Principal Protected Yield Fund - Series 2 offers exposure to a portfolio of potentially high-yielding investments in bond funds.
Who is the company behind it?
Principal protection is provided by Credit Suisse, which is rated AA- by Standard & Poor's. The invest- ments are made into three funds run by US-based manager PIMCO.
Who is the target market?
Investors seeking principal protec- tion, potential high-yield income, who don't need access to their investment for about four years.
What return does it offer?
The fund doesn't have a fixed return, however its marketing material says that back-tested returns from June 30 1998 to June 28 2007 show an annual return of 11.10 per cent.
When was it launched?
The fund was opened to investments on August 21 and closes a month later.
What other products is it like or is it competing with?
It's an alternative to other fixed- interest funds and other investments such as finance companies. Arguably it could compete against other capital protected funds.
Long, short or medium term?
This is a four-year closed-end fund.
And the unique selling point?
It's different to finance companies and has principal protection.
How strong a stomach do you need for it?
A bit more than mild.
What's the hitch?
Back testing of results is no guarantee of future performance.
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