HSBC AM eager to tap Indian investors' overseas risk appetite
The firm’s asset management arm in India has launched a Brazil equity fund to tap growing demand for diversification; it is also considering other offshore funds.
HSBC Asset Management (India) has described take-up of its new Brazil equity fund as encouraging as it seeks to test investor interest for future diversification plays.
The HSBC Brazil Fund is a fund-of-funds scheme that invests in the Brazil Equity Fund within HSBC Global Investment Funds. It is exclusively distributed through its retail bank, largely targeting high-net-worth individuals.
Puneet Chaddha, CEO of HSBC Asset Management in India, says a proliferation of domestic offeri…
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