Fortune Automatic Savings Account or Bond Fund (FASA)

This portfolio is for those who are looking for a smarter way of saving their funds and having higher rates of interest than normal. This is an investment product that aims at holding both national and international high yield bonds which are backed by sovereign guarantees and paying above average interest rates.


Fund Statistics:


Asset
Attribute
Call-Up Size
None (as much as investors are willing to)
Share price
Not applicable (N/A)
USD rate per dollar
700 frs
Total available shares
N/A
Reserve Shares
N/A
Class of Shares
N/A
Voting rights
N/A
Shares transferable
No
Setup fee
10% on investments below $10,000 and 5% on investments above $10,000
Management fees
N/A
Performance fees
N/A
Dividend
N/A
Interest rate
4.0%
Minimum Investment
$500
Maximum Investment
$10,000,000
Insurance/Guarantee
Yes (compensation against loss)
Risk profile
Very low
Investment type
Individual
Forecasted profits or returns
N/A
Capital Allocation
100% Bonds
Withdrawals
Quarterly

Advantages:



Disadvantage: