HSBC debuts RMB hedged share class for Ucits
Asset manager started offering the class for its global investment funds on March 23
HSBC Global Asset Management has expanded its renminbi offering by launching a RMB hedged share class for one of its international and regional equity funds, following the Securities & Futures Commission (SFC) of Hong Kong relaxing its rules on Ucits funds.
The RMB hedged share class is offered for the bank’s Asia-Pacific ex-Japan Equity High Dividend global investment fund. The new product launched on March 23.
The expansion of HSBC Global AM’s renminbi products comes after the SFC relaxed
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