HSBC Global Investments said it has launched a new fund that will give domestic investors access to some of the world's fastest growing emerging markets.
The HSBC Global Emerging Markets Equity Fund in Australia will invest in the emerging economies of Asia, Russia, Eastern Europe, South Africa and Latin America.
Managed by HSBC Global Asset Management's active management specialist, Halbis Capital Management, the fund provides exposure to a diversified portfolio of equity and equity-equivalent securities issued by companies listed or located in an emerging market, the group said.
"Over the past 15 years, emerging markets have grown significantly faster than developed markets and this is a trend that we expect to continue," HSBC Australia head of global investments Charles Genocchio said.
"More recently, emerging markets have become key drivers of global growth, acting as stabilisers for the global economy. Over the next ten years, we expect to continue to see a fundamental rebalancing of the world economy towards these markets, especially Asia.
"The HSBC Global Emerging Markets Equity Fund allows investors to gain exposure to these fast growing economies with the support of HSBC's global reach and local knowledge advantage."
The minimum initial investment for investors is $500,000, in increments of $50,000 thereafter.
The fund has been rated by Standard & Poor's Fund Services and will be available to institutional investors, as well as retail investors through platforms.
