HSBC launches H-share structured fund
And, in another move, the bank outsources management of a CDO to Lion Capital in Singapore.
HSBC has reached a deal with 11 third parties to distribute a structured fund aimed at exploiting the volatility of the Hang Seng China Enterprises Index. The H-Share Index Absolute Return Capital Guaranteed Fund is a three-year term, 100% capital protected vehicle, with 100% participation in the average quarterly percentage fluctuation - in the underlying index.
Among the distributors for the new fund are HSBC itself and Bank of America as well as institutions including Hang Seng Bank, ICBC Asia...
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