HSBC targets climate change with fund launch

The firm says the HSBC Climate Change fund, set to open to investors on 9 November, will aim to outperform its own index – the HSBC Global Climate Change index – which was launched in late September. It adds the fund will be part of its Luxembourg-based Global Investment Funds SICAV, which is available for sale in 35 countries across the world, including the UK. HSBC says retail and institutional share classes will be offered on the fund, with a minimum investment amount of $5,000 – and an AMC of 1.5% - on the retail side. Based on internal bank testing, HSBC says its climate change inde...