HSBC launches new funds

HSBC Global Asset Management taday announced the launch of three new capital secured funds within its Foundation 4 range. Foundation is designed to protect the initial investment amount and offer returns linked to carefully selected market opportunities.

The funds are the Global Infrastructure Growth Fund, the Global Emerging Markets Growth Fund and the Food and Water Bonus Fund.

The Food and Water Bonus Fund offers exposure to a basket of 20 food and water-related stocks with the potential for a bonus to be paid at each anniversary over the four-year life of the product. This fund is available in US dollars.

The Global Infrastructure Growth Fund and the Global Emerging Markets Growth Fund offer exposure to specific investment themes via market indices. The Global Infrastructure Growth fund is available in sterling with a five year investment period while the Global Emerging Markets Growth Fund is US dollar denominated and has a 6 year investment period.

Charles Azzopardi, Managing Director of HSBC Securities Services (Malta) Limited said, “HSBC Global Asset Management is a leader in emerging markets, with assets of over US$93 billion in such markets. As the local representative of the HSBC capital secured funds, we are able to access this expertise for the benefit of our customers.”

The new funds are available up to 26 August 2008. Minimum investment varies according to the fund, but starts at £ / US$ 5,000.