The HSBC Russia Open Fund will be managed by Halbis, HSBC’s specialist asset management arm, and is available to both retail and institutional investors.
The Russia Open Fund completes HSBC Investments’ stable of Japanese investor-focused equity funds that cover the core BRIC (Brazil, Russia, India, China) emerging market economies. At the end of the first quarter of 2007, HSBC Investments had attracted more than $4 billion to its emerging market equity products in Japan, comprising about 7% of the $60 billion-plus stock of emerging markets equities it manages on a worldwide basis.
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