Last week we reported on MMI Stockbrokers' new product, offering investors some protection from that most unlikely of events - a sharp fall in share prices. In this week of ups and downs, MMI says it is happy with its new Capital Plus and Multiplier 10 short-term bond, which has a builtin feature which can insulate investors from "short-term corrections" in the market.

The starting fall of the two bonds is the average for the first six months as opposed to the value on day one, as is normal. So provided markets start to improve next year, then all will be well. MMI, offering the bonds in association with Canada Life, says there has been "very healthy" interest in the bonds. The performance of the bond is based on a world basket of markets and MMI says these bonds are mainly invested between Europe, Japan and the United States.