HSBC Global Asset Management launches new scheme
HSBC Global Asset Management, India recently announced the launch of 'HSBC Asia Pacific (ex Japan) Dividend Yield Fund', an open ended fund of funds scheme that will invest into HSBC GIF Asia Pacific (Ex Japan) Equity High Dividend Fund. The 'HSBC Asia Pacific (ex Japan) Dividend Yield Fund', new fund offer opens on Feb 3 and closes on Feb 17, 2014.
The fund will be subsequently available for subscription on an ongoing basis.
The minimum investment amount is Rs. 10,000 and the investment can also be made through a systematic investment plan.
Michael Dillon and Sanjiv Duggal are the fund managers of the underlying offshore fund, and the local fund of fund scheme will be managed by Piyush Harlalka and Sanjay Shah.
Puneet Chaddha, Chief Executive Officer of HSBC Global Asset Management, India said, "Being one of the leading asset management companies worldwide, we are committed to providing unique products for Indian investors which are in keeping with their investment objectives and risk profiles."
Chaddha added, "A first of its kind, this fund allows investors to diversify their investments into the Asia Pacific region, employing a dividend yield strategy - a strategy that tends to outperform growth strategies over the long term."
Chris Adams, Director and Senior Product Specialist, HSBC Global Asset Management, Hong Kong said, "Asia Pacific (ex Japan) region looks to be in a good zone, given low valuations and reasonable consensus earnings expectations."
"The structural changes taking place in Asia provide compelling investment opportunities and it has also underperformed developed markets in recent times, raising the possibility of a "catch-up" in the medium term. Asia has historically been one of the highest dividend yielding regions and especially in volatile markets, could be a good option for investors to look at from a diversification perspective," Adams said.
(Posted on 04-02-2014)