Jesmond Mizzi Financial Services has launched another discretionary portfolio investment service.

The Euro Income Bonds Portfolio-2011, which is denominated in euro, is a composite of investment grade bonds and issued by foreign issuers. The bond portfolio, which matures on 31 July 2011, will earn investors a total indicative return of 5.7 per cent per annum.

The discretionary portfolio service will invest in investment grade bonds thus giving the investor exposure to a spread of good quality bonds. The indicative return per annum is before charges and taxes. It is based on the current yield to maturity of the bonds forming part of the portfolio and is subject to market movement until the pricing date when it will be fixed and advised to investors.

Potential investors may participate with a lump sum investment of at least €5,000. The Euro Income Bonds Portfolio, which is now available, has a limited offer period up to 14 August.

Investors should note that the underlying investments are subject to market fluctuations and the risks inherent in all investments. Past performance is not necessarily a guide to the future. The value of investments can go down as well as up and the investor may not realise the value of one’s initial capital. Redemptions on maturity of the capital invested in the underlying bonds depend on there being no default by the bond issuers. Early redemptions may not be honoured and could result in a loss on the amount invested.