HSBC has successfully exploited the recent success of emerging market equities by attracting an impr...
HSBC has successfully exploited the recent success of emerging market equities by attracting an impressive $800m of new money to its India fund in the past four months. The HSBC GIF Indian Equity Fund, launched in April 1996, has risen from $450m in October, when the group started actively promoting it, to its current assets under management of more than $1.2bn. The Indian elections in April could spark another move upwards for the market, but the company has avoided over-promoting the fund to a wide intermediary audience. "We are conscious we do not want India to be seen as another tech...
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