To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here

Login

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
You are here: Announcement

HSBC to launch UCITS European Absolute Return Fund

By Lora Coventry
Thursday March 18, 2010 at 09:00

The fund will look to invest across developed Europe, primarily via equities and equity swaps.

The fund, which will run by a team headed up by Vis Nayar, will use more short positions to diversify risk, holding about 80 stocks, typically split between 35 long and 45 short.

The HSBC GIF European Alpha Equity Fund forms part of HSBC Global Asset Management's Luxembourg-domiciled Global Investment Funds (GIF) range, which can be bought in around 35 countries.

"This launch appears timely as the market backdrop seems more conducive to our market neutral strategy than the liquidity fuelled environment that defined most of 2009," Charles Robinson, global head of alternatives distribution, at HSBC Global Asset Management says.


 
 
Poll

When investing in a UK Equity Income fund, do you buy income or accumulation shares?

Income shares

Accumulation shares

Vote