HSBC Investment Funds (Canada) Inc. has launched the HSBC BRIC Equity Fund, providing investors with access to the substantial opportunities anticipated from the high-growth emerging market economies of Brazil, Russia, India and China (BRIC).
“High growth emerging markets offer exciting investment possibilities. However, the challenge for the average investor in these very diverse and dynamic markets is to consistently find the most promising opportunities. Our new HSBC BRIC Equity Fund is built on the extensive emerging markets expertise and resources of the HSBC Group, giving investors a solution to tap into these growing economies with more confidence,” said Marc Cevey, CEO of HSBC Investment Funds (Canada).
The fund aims to capitalize on market inefficiencies to achieve its performance objectives using proprietary quantitative valuation models. Quantitative financial analysis seeks to understand market behaviour by using complex mathematical and statistical modeling, measurement and research. Risk management and cost control are central to the strategy. Globally, the HSBC Group’s investment businesses manage over US$62 billion in emerging market assets (as at 31 December 2006) including one of the largest BRIC equity funds in the world.
The minimum investment in the fund is $500.