HSBC Global Investments has launched the HSBC Global Emerging Markets Equity Fund in Australia.
HSBC says the fund will give investors exposure to economies in Asia, Russia, eastern Europe, South Africa and Latin America.
HSBC said on Wednesday that the fund would focus on a diversified portfolio of equity and equity-equivalent securities issued by companies listed or located in an emerging market.
“Over the past 15 years, emerging markets have grown significantly faster than developed markets and this is a trend that we expect to continue,” head of global investments for HSBC in Australia Charles Genocchio said.
“More recently, emerging markets have become key drivers of global growth, acting as stabilisers for the global economy.
“Over the next 10 years, we expect to continue to see a fundamental rebalancing of the world economy towards these markets, especially Asia.”