HSBC Global Asset Management launches Asia Pacific (EX Japan) Dividend Yield Fund

The HSBC Asia Pacific (ex Japan) Dividend Yield Fund new fund offer opens on 3 February and closes on 17 February 2014

February 03, 2014 12:16 IST | India Infoline News Service
HSBC Global Asset Management, India has announced the launch of HSBC Asia Pacific (Ex Japan) Dividend Yield Fund – a first of its kinds, an open ended Fund of Funds scheme that will invest into HSBC GIF Asia Pacific (Ex Japan) Equity High Dividend Fund.
The HSBC Asia Pacific (ex Japan) Dividend Yield Fund new fund offer opens on 3 February and closes on 17 February 2014. The fund will be subsequently available for subscription on an ongoing basis. Minimum investment amount is INR 10,000 and investment can also be made through a systematic investment plan.
Michael Dillon and Sanjiv Duggal are the fund managers of the underlying offshore fund and the local fund of fund scheme will be managed by Piyush Harlalka and Sanjay Shah.
Puneet Chaddha, Chief Executive Officer of HSBC Global Asset Management, India said, “Being one of the leading asset management companies worldwide, we are committed to providing unique products  for Indian investors which are in keeping with their investment objectives and risk profiles. A first of its kind, this fund allows investors to diversify their investments into the Asia Pacific region employing a dividend yield strategy – a strategy that tends to outperform growth strategies over the long term.”
Chris Adams, Director and Senior Product Specialist, HSBC Global Asset Management, Hong Kong said, “Asia Pacific (ex Japan) region looks to be in a good zone, given low valuations and reasonable consensus earnings expectations. The structural changes taking place in Asia provide compelling investment opportunities and it has also underperformed developed markets in recent times, raising the possibility of a "catch-up" in the medium term. Asia has historically been one of the highest dividend yielding regions and especially in volatile markets, could be a good option for  investors to look at from a diversification perspective.”

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