HSBC launches emerging wealth fund
The fund will focus on consumer-related companies.
HSBC Investments has launched an Emerging Wealth fund, which will invest in companies that stand to benefit from domestic consumption growth in emerging markets.Investing in emerging markets has been the trend among many new fund launches lately, and many fund managers cite the improvements in the emerging market economies and the growth potential of the stocks listed there.Emerging markets are transforming from primary resource-based economies to consumption-driven ones. Their GDP gr…
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