HSBC reopens GIF BRIC fund

The vehicle, which is currently £1.4bn in size, offers investors exposure to markets in Brazil, Russia, India and China, and was originally closed due to liquidity issues. However the fund, which is part of HSBC’s Luxembourg domiciled GIF SICAV range, is now open to new inflows again as the management believes conditions have changed. Christian Deseglise, global head of emerging markets business at HSBC Investments, said: “Over the past eight months the markets in which this fund invests have grown in size and liquidity, and depth has improved. “This has increased capacity to a lev...