THE EBS has just launched its fifth issue guaranteed tracker account which will track the performance of Japanese companies listed on the Nikkei 300 index. As with all trackers, this one guarantees your capital, on condition you maintain the contract to maturity in this case, five years and nine months plus a minimum 30 per cent return. EBS has capped any growth to 85 per cent of capital.

A minimum £3,000 is required to invest in the tracker, the fund closes on January 31st, returns subject to 27 per cent tax.