HSBC Investments is now offering the HSBC GIF Bric Markets Equity fund to UK investors. The product,...
HSBC Investments is now offering the HSBC GIF Bric Markets Equity fund to UK investors. The product, managed by Patrick Gautier from Sinopia Asset Manage-ment was first launched in June 2006 as a sub-fund of HSBC's Luxembourg-domiciled Global Investment Funds (GIF) Sicav range. It aims to outperform the MSCI Bric index over the longer term through a combination of country allocation, stock selection and exposure manage-ment. The fund contains between 70 and 120 stocks. Country allocations can be 10% more or less than the equivalent weightings in the MSCI Bric Market Cap Weighted index. Minimum investment is $5,000 (£258,233). The initial charge is 5.54% and the annual management fee is 1.5%.
Subset of fintech
Just one-fifth not in favour
Armed forces charity
Member of PRA's practitioner panel
Risk to retail investors