AIB Boorrow-to-Invest Fund

I

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I read in the Sunday Tribune that AIB are launching a fund with "only" a 47% chance of losing money.

Is this a joke?
 
Sounds like another geared tracker bond?
 
AIB Geared Tracker

Certainly didn't take them long to get on the geared tracker bandwagon, having very aggressively rubbished the whole concept when a couple of competitors sold some as long ago as last December !!

I reckon they should win a prize for the least compelling financial services proposition of 2004 so far ... only a 47% chance of losing money !! Wonder if that'll be mentioned in the brochure. Has anyone seen any documentation, by the way ? I'm hearing that it's a recurring premium product (ie not a lump sum investment) which raises a number of interesting questions, if true.
 
AIB Precipice Bond

I wonder what odds of losing money they calculated for the precipice bond which was the subject of the critical article in the Tribune a few weeks ago. The Hobbit is taking up the cudgels on behalf of disgruntled customers, apparently. Watch this space.
 
are you sure?

Where can I get more information on the AIB offering?
 
Re: are you sure?

From Bank of Ireland I guess?
 
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