Bringing you live news and features since 2006 

HSBC Global Asset Management introduces CIVETS fund


HSBC Global Asset Management has introduced CIVETS fund for both retail and institutional investors. The HSBC GIF CIVETS fund targets long-term returns from capital growth and income by investing in a diversified portfolio of equities from the stock exchanges of the CIVETS countries – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa.

The fund however also has the ability to invest up to 25% in non-CIVETS nations which have similarly attractive demographics, such as Mexico, Nigeria, Philippines, Thailand, Malaysia and Saudi Arabia.

Domiciled in Luxembourg, the HSBC GIF CIVETS fund is part of HSBC Global Asset Management’s flagship Global Investment Funds (GIF) SICAV range which is registered across more than 30 countries worldwide.

Sridhar Chandrasekharan, Global Head of Wholesale, HSBC Global Asset Management, says: "HSBC Global Asset Management is already a world leader in emerging markets, with some USD145bn assets under management in this asset class globally*. The launch of a CIVETS fund extends our product range for clients who wish to use our expertise to access these markets."

The fund is managed by a team of four investment professionals who have an average investment experience of more than 11 years. Douglas Helfer, who has been with HSBC since 2006, and is manager of the HSBC GIF Russia Equity fund, is lead manager of the HSBC GIF CIVETS fund. In this role he will be responsible for the overall country asset allocation decision. His co-managers are Basak Yavuz and Andrew Brudenell, both Frontiers Markets portfolio managers at HSBC Global Asset Management while Nick Timberlake, Global Head of Emerging Market Equities will oversee the overall management of the fund.

The HSBC GIF CIVETS fund will typically hold between 40 and 60 stocks. The base currency of the fund is US Dollar. The minimum investment is $5,000 for retail investors (A share class) and $1 million for institutional (I share class). The fund’s annual management charge (AMC) is 1.75% and 0.875% respectively.

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by