HSBC Investment launches 'HSBC Dynamic Fund'

Chennai, Aug 8 (UNI) HSBC Investments has launched its HSBC Dynamic Fund (HDF), to capture growth in bullish equity markets.

The newly launched scheme also had the flexibility to move 100 per cent of its assets into money market instruments, fixed income securities and derivatives in an attempt to reduce the impact of market falls (a bear phase), a company release said here today.

It has the flexibility to invest across sectors or themes with no market capitalization bias.

HDF would endeavour to have at least 90 per cent of the equity portfolio spread between no more than 30 stocks at any given point of time.

It also had the flexibility to invest up to 40 per cent in any one sector, if required.

However, it can react quickly to a negative market (bear phase) by moving its assets to money market instruments.

Derivatives (such as Futures and Options) may also be used for hedging purposes. This extra option adds flexibility to the fund portfolio, the release added.

UNI