HSBC Global Asset Management has widened the pool of investors who can access its New Frontiers fund to include institutions and high net worth investors.
Previously only available to customers of HSBC Private Bank, the Luxembourg specialist investment fund (SIF) will now offer an institutional share class with a minimum investment of $5m (£2.52m) and a high net worth share class with a minimum investment of $1m (£504,000). The $300m fund, managed by Andrea Nannini at HSBC’s active investment specialist Halbis, invests in a bespoke universe of frontier emerging markets, including countries such as Jordan, Colombia, Morocco, Mauritius, Kazakhstan and Vietnam. The fund is available by private placement, although HSBC is looking to limit the a...
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