* SKANDIA Life has added the first investment fund specialising in
investment in Israel to its range of life and pension products. The
Israel Selection Fund was established four months ago by investment firm
Svecia Securities and invests in up to 100 major Israeli companies
quoted on the Tel Aviv stock exchange or American stock exchanges.
Minimum investment through Skandia is #3000.
* MARTIN Currie is turning its attention to India with the launch of
its Indian Opportunities Fund, with hopes of attracting at least $50m
during the offer period. Minimum investment will be $10,000.
* HODGSON Martin of Edinburgh is aiming to raise #30m for a Business
Expansion Scheme issue on behalf of five colleges of Oxford University.
Investors paying 40% tax are expected to obtain a return of 13.7%
compound for five years. Tax relief of 40% should be available and an
individual may invest up to #45,000 by taking advantage of carry-back
relief to the 1992/93 tax year.
* LIFE Association of Scotland is offering an after-tax return of
10.1% fixed for five years with its Quarterly Income Bond. The amount of
capital returned at the end of five years depends on the performance of
the FT SE 100 share index, which has to grow by 8.75% a year compound to
return the original sum. The regular quarterly income is free of all tax
and the minimum investment is #7000.
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