hsbc creates sterling share class for em funds

HSBC Global Asset Management has created a sterling share class for six of its emerging market funds to make them accessible through platforms.

hsbc creates sterling share class for em funds


The company worked with Skandia to assess the potential demand for these funds, with Skandia Investment Solutions Platform being the first to make them available. While sterling pricing was introduced on 27 October, 2011, they were not made available through a platform until the beginning of this year.

They are also the first HSBC Global Asset Management funds to be included on Skandia’s platform.

Phil Reid, UK head of external distribution, at HSBC GAM said part of the business rationale was that investors still have a relative underweight to emerging markets in their portfolios and he expects this to gradually increase.

The funds include the HSBC GIF GEM Equity, Local Debt, Brazil Equity, Indian Equity, Russian Equity and Latin American Equity funds. Mat Wood, an investment marketing manager at Skandia said: "This development brings HSBC’s emerging markets expertise to a wider audience.  These six new emerging market funds will add greater variety to the Skandia fund range and provide advisers with the ability to target specific emerging economies via HSBC’s single country funds in addition to wider emerging markets."


Latest Stories