HSBC Global Asset Management has launched a UCITS-compliant frontier markets fund. HSBC's existing Luxembourg-based fund, the New Frontiers Fund and launched before frontier markets were UCITS compliant, will be merged into the new fund.
Aimed at both institutional and retail investors, the HSBC GIF Frontier Markets Fund will be managed by Andrea Nannini, who has run the HSBC New Frontiers Fund since 2008, and is responsible for managing some US$170m in frontier markets’ assets. The new fund gives retail investors access to markets previously only accessible by institutional investors. Frontier markets are a subset of emerging market nations and include countries such as Qatar, Nigeria, Pakistan, Vietnam, Romania and Argentina. What these markets have in common, says HSBC, is they are all typically at an earlier stage of...
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