HSBC Investments launches 'Emerging Markets Fund'

Chennai, Jan 22 (UNI) HSBC Investments today launched the HSBC Emerging Markets Fund (HEMF), an open-ended Scheme seeking to provide long-term capital growth by investing in emerging economies the world over.

The fund would invest both within and outside India, a company release here said.

Among the countries the fund may seek to invest in were China, Russia, Indonesia, South Korea, Brazil and Mexico.

Indian investors can not only seek to capture growth opportunities outside the country but may also seek to spread out the risk by diversifying their investments across geographical markets instead of staying invested in one particular country.

HEMF can invest up to 100 per cent of its assets in overseas markets.

The Fund may also invest a limited proportion in domestic debt and money market instruments in case equity markets are considered unfavourable, the release added.

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