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HSBC Features Chinese Market Exposure In New Funds

by Phillip Morton, Investors Offshore.com

22 April 2004

Exposure to Chinese markets will feature in HSBC’s two new capital secured funds to be launched next week, the bank has announced.

The China Growth Fund and the Selected World Growth Fund will both run for five years and return at least an investor’s initial capital at the end of the term.

According to the bank, the China Growth fund contains innovative lock-in features designed to help capture the growth potential of the Chinese market.

Returns from the Selected World Growth Fund meanwhile, are linked to the best performing of one of three specified indices from the USA, UK or Japan

“Our latest launch is designed to capitalise on the continued growth prospects of China, one of the fastest growing Asian economies in 2003,” explained Dan Massey, HSBC Bank International’s head of global funds and insurance.

“We are also offering an innovative new structure which allows investors to track the performance of three of the world’s largest stock markets, with the final return based on the best performing of the three specified indices,” he added.

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