NEW YORK--(BUSINESS WIRE)--HSBC Global Asset Management (USA) Inc. announced today the reopening of its HSBC Frontier Markets Fund to new investors. The reopening of the HSBC Frontier Markets Fund coincides with the 2017 Thomson Reuters Lipper Fund Award it received for its Class I (HSFIX) track record. The fund achieved best in category performance over a 5-year period out of 404 Emerging Markets funds1.
The decision to reopen the fund was based on a careful review of the fund’s investment discipline and the asset class’ capacity constraints. The fund has been closed to new investors since April 30, 2014.
“We are pleased to offer the HSBC Frontier Markets Fund to new investors once again,” said Damion J. Hendrickson, Head of Sales for HSBC Global Management (USA). “HSBC is a pioneer in Frontier Markets investing and this fund provides highly-specialized exposure to countries and sectors that most investors are otherwise unable to access through more traditional equity strategies.”
The HSBC Frontier Markets Fund launched on September 6, 2011 and invests in Frontier Markets and in smaller Emerging Markets countries that have similar characteristics to Frontier Markets. Stock selection is driven by rigorous fundamental research that integrates Environment, Social, Governance (ESG) factors.
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Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus, which contains this and other information about the fund, should be read carefully before investing.
Note to investors:
HSBC Global Asset Management (USA) Inc. serves as the investment adviser to the HSBC Funds. Foreside Distribution Services, L.P., member FINRA, is the distributor of the HSBC Funds and is not affiliated with the adviser. HSBC Securities (USA) Inc., member NYSE, FINRA and SIPC, is a sub-distributor of the HSBC Funds. Affiliates of HSBC Global Asset Management (USA) Inc. may receive fees for providing various services to the funds. HSBC Global Asset Management is a leading global asset management firm for institutional and retail investors around the world. As of December 31, 2016 it manages assets totaling over $413 billion.
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1 Thomson Reuters Lipper Fund
Awards recognize funds and fund management firms for their consistently
strong risk-adjusted three-, five-, and ten-year performance (ending
December 31, 2016) relative to their peers, based on Lipper's
proprietary performance-based methodology. For more information, please
visit http://www.lipperfundawards.com/.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.), with total assets of US $178.7 billion as of 31 December 2016 (US GAAP), serves 2.4 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 230 bank branches throughout the United States. There are over 145 in New York as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member of the FDIC.
Investment risks:
There is no assurance that a fund will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Funds may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees. Past performance is no guarantee of future results. Equity investments fluctuate in value based on changes to an individual company’s financial condition and overall market conditions. Foreign and emerging markets: Investments in foreign markets involve risks such as currency rate fluctuations, potential differences in accounting and taxation policies, as well as possible political, economic, and market risks. These risks are heightened for investments in emerging markets which are also subject to greater illiquidity and volatility than developed foreign markets. Frontier markets generally have smaller economies or less developed capital markets than traditional emerging markets, and therefore investing in frontier markets can magnify the risks of investing in emerging markets. Liquidity risk. The markets in which the fund can invest may occasionally be affected by a lack of liquidity. These markets disruptions can have an impact on the price levels.
Copyright © 2017. HSBC Global Asset Management (USA) Inc.
20170328-124919 | 28-03-89