hsbc-launches-hshare-structured-fund

HSBC launches H-share structured fund

And, in another move, the bank outsources management of a CDO to Lion Capital in Singapore.

By Samuel Riding

October 30, 2006

HSBC has reached a deal with 11 third parties to distribute a structured fund aimed at exploiting the volatility of the Hang Seng China Enterprises Index. The H-Share Index Absolute Return Capital Guaranteed Fund is a three-year term, 100% capital protected vehicle, with 100% participation in the average quarterly percentage fluctuation - in the underlying index.

Among the distributors for the new fund are HSBC itself and Bank of America as well as institutions including Hang Seng Bank, ICBC Asia and Bank of Communications Hong Kong. The closed-ended fund has a minimum investment of $3,000 with a front-end load of 3.45% incorporated in the initial allocation, and is open from 23 October to 24...

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