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DJ HSBC Global Asset Management Launches Frontier Fund

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DJ HSBC Global Asset Management Launches Frontier Fund

9:51 AM (GMT-05:00) Eastern Time (US & Canada) Nov 30, 2011
HSBC Global Asset Management has launched a new fund that will focus on frontier markets that are viewed as the next generation of emerging markets. The fund, which is still accepting participants, will also assume the assets of the existing $170 million HSBC New Frontiers Fund launched in February 2008. The new fund will take a long-term view and focus on equities issued in countries such as Qatar, Pakistan, Nigeria, Romania, Vietnam and Argentina. Some investors say these countries offer higher returns in the long run, though the risks also are higher. Andrea Nannini will manage the new HSBC fund, which will be benchmarked to the MSCI Frontiers Markets Capped Index. -By Prabha Natarajan, Dow Jones Newswires; 212-416-2468; prabha.natarajan@dowjones.com (END) Dow Jones Newswires November 30, 2011 09:51 ET (14:51 GMT) Copyright © 2011 Dow Jones & Company, Inc.


hmmmmmmmm vietnam...now that is interesting!!!!

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