HSBC launches emerging markets Ucits III vehicle

HSBC has added a global emerging markets fund to its Dublin-based multi-manager range and has appointed WestAm as investment adviser. The product, which is Ucits III compliant, takes the number in the Dublin umbrella to 16. The offering allows investors to choose any single or combination of these multi-manger portfolios with a minimum investment of $25,000 or the sterling equivalent. The annual fee on the fund is 1.75% but there are also administration and custodial fees that amount to around 20 basis points. The Global Emerging Markets fund invests in Brazil, Russia, India and Chin...